In Photoshop 7 I often make small signs or labels. I go to new and type in what I want, highlight the letters and change to colours wanted or change layer style.
I've tried it recently and the letters are staying grey, where the colour block should be when I select the colour there are 2 warnings. The top one says out of Gamut for Printing,and the bottom one says Not a web safe colour.
This has never happened to me before, and only happened after I used the curve template from warp text. This doesn't happen if I have artwork or photography to add text to.