To manipulate the text/font in the textfield you need to use the TextFormat class and the setTextFormatmethod of the TextField. The help documentation should have examples if you look there, and you should be able to find helpful information using Google. Here's a link to the TextFormat class that some one has on the web: http://docs.brajeshwar.com/as2/TextFormat.html
To change the characteristics of the textfield as far as background and border colors go, the TextField class has properties for those that you can set. Here is a link to the same site as linked above but to the TextField class information.
Thanks a lot Ned
I fixed up the Font issues from your link and will look at the other link later.
Any answer regarding the button changing color?
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If the button is a Button symbol, you can have a rollover effect for it by changing the contents of what is inside the Over frame in the button's inner timeline. But that will change back when you rollout.
If you want the button to change to a different color and stay that way either due to clicking it or rolling over it, then you need to use a movieclip symbol instead of a button symbol and write the code to control how the movieclip behaves as a button.
You can find tutorials for that if you search Google using terms like "AS2 movieclip as button tutorial"