Unsure what font that is, but I'd type the words out, with the LU being 25% of the weight of the bigger letters. I'd use Fit Text To Path or whatever it's called in X4 to apply the letters to an oval curve.
I'd then apply the small white contour (probably go like 1/32"), break apart, apply Gold contour on top of white contour (1/8"), break apart, apply Black contour on top of Gold contour (1/8"), Break Apart contours. Note: I'm using contours and not the stroke options, you can apply a stroke behind the fill, but sometimes it'll cause crashes trying to convert it to a curve.
Then I'd break apart the letters from the curve and from themselves. Copy/paste each Black contour and move to create the drop shadow effect on each letter individually. You could try to play with the drop shadow tool, but most of the times I just copy/paste my letters/shapes and position them. Once that's positioned, I'd adjust the LU to be a little bit higher up, group it all, Create Outline around object and apply the final 1/32"ish white.