How to trace these images and get all the detail?

Hi there. 
Im new to coreldraw and tracing, and after watching some tutorials, im still having trouble tracing these images. i was hoping someone here can help me out.

I want to seperate each letter of this image into its own object.
Ive expiremnted with the settings of the PowerTRACE, but i can only seperate the outer shapes of the letters, and i lose the face details of each letter.

So, how can i seperate each letter to its own object, but keep all the of the face and inside details part of the letter?
im sure it must be really easy, because esentailly i just want to simply trace the outline of each letter pretty much, and keep the contents inside. but im new to this....