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Red face Can I change text colour according to the letter entered?

Hello,

I only have a vague awareness of formatting and am quite new to the whole Excel thing. I have created a spreadsheet for work on which I have a column which users will enter 'Y' or 'N' into. Is there anyway that when the 'y' is entered that the test would go red and bold? I have tried searching various forums for help but can't seem to find anything!

Cheers
Lindzl
 
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