p.84-85: (brief information)
Shakened -2 moral penalty on attack & weapon damage rolls and on saving throws. Frightened As Shakend, plus: If possible, the target ist most likely to flee, but else it will fight. 2 moral penalty on attack & weapon damage rolls and on saving throws.
Panicked As Shakened, plus:
A panicked creature must flee, and has a 50% chance to drop what he`s holding, chooses his path randomly (as long there is no other immediate threat that way) and flees any other dangers that confrint him. If cornered, a panicked creature cowers. A creaute muay use a special ability or spell to escape (like teleport, dimenson door).