Brushes
Place the *.abr files into:
Program Files\Adobe\Adobe Photoshop X\Presets\Brushes where X is the version number for your version of Photoshop.
Brushes created in Photoshop 7 or later will not work in earlier versions of Photoshop. Any Photoshop brushes should work in Photoshop 7 and later.
From the Brushes Palette in Photoshop, click the small arrow in the upper right corner of the palette, and choose load brushes. The brushes will be added to the current brushes.
Layer Styles
Place the *.asl files into:
Program Files\Adobe\Adobe Photoshop X\Presets\Styles where X is the version number for your version of Photoshop.