Looks like you are out of luck. Type on a Path came in with CS (Photoshop 8)
I doubt anyone here will be able to test with such an old version, but things that come to mind are creating each letter on its own text layer, and using Free Transform to rotate and position. Anything else is going to produce nasty ugly results - unless someone else here has a better idea.
After seeing your image, you should be able to do the same thing by using Warp Text>Arc, then
duplicating your text layer and using Layer>Type>Convert to Shape so you move twist or move the letters as paths.
Layer>Type>Convert to Shape
If you look in the Photoshop 6 Help (Help>Contents)
there is a lot about path editing under Drawing and Editing>Editing Paths(Photoshop) under
Yes that helped!
I did Warp Text>Arc, then duplicated the text layer and used Layer>Type>Convert to Shape to move and align the letters as paths.
But I had to read-up "Editing Paths" section (and I need to practice more so that I can have the shape (converted from text) follow a circular path). At this point I did adjustments manually.
Thanks for your assistance and pointing me in the right direction.