Base Layer layer style with clipping masks...

hi.
i'm using a clipping mask on a layer. The base layer that the clipping mask is referencing has a layer effect applied (in this case an inner shadow). I want to make it so the layer effect is only applied to the base layer and NOT the clipped layers.

Below is an example of what I'm talking about. as you can see, layer 1 has the base layer's inner shadow applied to it. I want the inner shadow to be hidden by Layer 1, but the clipping mask to still apply. Thank you in advance for your help.

-oak

If it is possible, I really don't know how.
Is the clipping mask a must? it can be done without the clipping mask.

I just figured out that what I'm trying to do isn't possible. I took a closer look at the PSD file i was referencing and the effect I was trying to reproduce is actually solved with very low transparency settings on the layer styles. My bad.

thanks Uniko for your response.

oak