I was prescribed Paxil for GAD (Generalized Anxiety Disorder) although it was a misdiagnosis (I am bi-polar). Even though Paxil eventually stopped working for me, it helped a great deal by calming my fears/anxieties when it was working for me. It may take up to 6 weeks to gain the full effect of the med, but you should start to notice changes in about two weeks.

Give it some time to start working; it may be a great med for in battling your panic attacks and depression.

Dolfin