Coloring text in gui's

Hello,

I have a line of text in a HUD, and I want part of the text to be a different color sometimes. Like maybe I want to display the character's name as "Name: Chuck" and have the "Chuck" part display in red when he's getting damaged or something. Is there any way to do this? All I can see to do is change the profile on the GUI element, but then it affects the whole element. Any thoughts?

Thanks,
Vijay