You can use Replacement Variables which are built into VB.
Style & Templates > Replacement Variable Manager
Simply search for the words desired and replace them with the same word, but wrapped in a color tag.
Ahh ive tried that. When I do it rather then using the code and changing the color of the text it tosses it all in as text. So instead of Getting Druid I end up with (color="FF7C0A")Druid(/color)