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Default UFD to change color based on string

ok, I keep getting =Name? and I'm not sure if this is even going to work.
Any help would be appreciated. Tried figuring this out on my own and not
having much luck.
Basically Text in A1 has USD or CDN or something else, if USD change color
of A1 to 5 and the neighbouring cells color changes to 5. (The text not the
background).

Function ColChange(r1 As Variant)

Select Case r1.Text
Case "USD"
r1.Font.ColorIndex = 5
r1.Offset(1, 2).Font.ColorIndex = 5
Case "CAD"
r1.Font.ColorIndex = 3
r1.Offset(1, 2).Font.ColorIndex = 3
Case Else
r1.Font.ColorIndex = xlNone
r1.Offset(1, 2).Font.ColorIndex = 5
End Select
End Function

 
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