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Here is a script and a short video on one way to do this.

First you create the template by selecting the area where the picture goes, creating a new layer, fill the selection, add a layer mask.

At this stage you can save your template for further use.

Next. Open Bridge and select the documents you want to batch.

Run the script.

The new files are created in a folder called Framed off the desktop.

http://www.youtube.com/watch?v=QPg7N2mwvlU&feature=youtube_gdata