This subject has been discussed at length.  Do a search in the discussion groups on monitor calibration or profiling and you will get a lot of information.  In addition, there are several tutorials and other articles on the main Luminous Landscape site.  Here's one example (a little out of date, but still good info):

http://www.luminous-landscape.com/tutorial...profiling.shtml

I'm assuming you calibrated your monitor using PSE 3's built-in routine.  This is not the best way since I believe it relies on your eye's judgement, not a colorimeter.

Also, there are other factors like the way your printer is set up, but the tutorials on LL will help you with this.

I have photoshop elements 3.0... After I calibrate my monitor, how can I set-up settings so my prints look like what I view in the monitor? I have an Epson R800.
Thanks!