Dynamic text file html format help

First, here’s the macromedia article I was checking out to do this…
Click Here
I am able to apply the html formatting to the text file no problem for things like size, underlining and applying links. Problem is I can’t change rollover colors and font color in general. Basically, is there a way around this?

font color

<FONT COLOR='#FF0000'>text</FONT>

That will make a red font… you will need # + the hex code for the color.

As for rollover colors… as far as I know that cannot be done in Flash for dynamic html text.

Thanks!