Create an m&m:
1.New Document (400x400) and use the Eliptical Marquee tool to make a circle. Fill it with the color #2300D3
2.Now add a gloss to it, using the Gradient Method. If you don’t know how to do this, post a reply, and I’ll tell you how. Should Look Like this, when its done.

3.Now for the blue circle, use these settings for the Layer Styles:
Drop Shadow:
Distance: 0
Spread: 0
Size: 24
Inner Shadow:
Distance: 0
Choke: 0
Size: 38
Inner Glow:
Default Settings
Gradient Overlay:
Drop “Opacity” to “20%” Leave everything else default.
Stroke:
Size: 2
Position: Outside
Fill Type: Color
Color: Black
It should now look something like this.

4.Now its time to add the “m” with font “Arial Black” and Size “220” Use the type tool to make a Lowercase ‘m’ on the canvas.

Now apply these settings to the Layer style of the “m”
Drop Shadow:
Distance: 0
Spread: 0
Size: 5
Inner Shadow:
Distance: 0
Spread: 0
Size: 5
Stroke:
Size: 1
Color: #15006E

If You Would like to use the other color’s of an m&m, I’ve listed the best replica colors:
For Blue: #2300D3
For Orange: #E88800
For Yellow: #E5F300
For Brown: #553333
For Red: #BA0000
For Green: #60CB00
-SJWalker