Is there a way to change the text color of a certain word in a cell?

For example, this is what cell A7 contains:
"placed on 10 years probation suspended pending passing a psychiatric
and medical evaluations and during probation is prohibited from
supervising physician assistants and effective June 15 2008 at 5:00 pm
the license is suspended for 60 days."

If the cell contains the word "suspended", I would like it to change
color to red...but only the word "suspended" and not the entire cell.

I tried searching for conditional formatting or VB but came up with
nothing. I'm not really sure the keywords to use, so maybe that's why
I'm not coming up with anything.

Is this possible? I appreciate any help I could get.


Thank you,
Sharon