We describe all those commutative Fréchet algebras which may be continuously embedded in the algebra ℂ[[X]] in such a way that they contain the polynomials. It is shown that these algebras (except ℂ[[X]] itself) always satisfy a certain equicontinuity condition due to Loy. Using this result, some applications to the theory of automatic continuity are given; in particular, the uniqueness of the Fréchet algebra topology for such algebras is established.