Double click on the textbox, then change the font color to red.
Ok your way out.
Now, click Slide Show > Custom Animation.
The appear effect should be added already.
Double click on the appear effect to bring up the effect option dialog box.
Under After animation, click on the dropdown field and select black color.
Ok your way out.
Preview the slide show and see if that is what you want.

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Shawn Toh (tohlz)
Microsoft Most Valuable Professional (MVP PowerPoint)
Site Updated: Sep 01, 2006
3 Cool Add-Ins Reviews
http://pptheaven.mvps.org
PowerPoint Heaven - The Power to Animate
> Suppose I have a slide with two bullets:
>
[quoted text clipped - 13 lines]
>
> Bill