The scan is fine. I didn't expect it to be in color, though that makes sense comming from the scanner.
Open the image, and go to Image> Rotate Canvas> 90 degrees CCW (assuming your image has the same orientation you sent me.)
Next, go to Image> Adjustments> Desaturate.
NOW use Image> Adjustments> Invert.
Now, you'll see a rather faded Black and white image.
Go to Image> Adjustments> Levels, and use the following settings:
Now the photo is at least recognizable. However, you still have a fair amount of work ahead of you. It may be worthwhile to look into a professional restoration service.
If you plan on doing this kind of work yourself, I recommend buying a book called Photoshop Restoration & Retouching, by Katrin Eismann. It's an invaluable learning aid from a woman who has gained recognition as one of the foremost experts in this field.
Feel free to ask if you have more questions. Good luck!
- Joe U.
There are only 10 types of people in this world- those who understand binary, and those who don't.