Using Color Categories (Outlook 2007)Color categories are an Outlook 2007 enhancement to the categories feature in Outlook 2003. Categories provide an easy way to group certain items together. Color categories are a way to group any types of Outlook items together, and easily identify them by color. Outlook 2007 supports more than two dozen color categories, each of which you can name to best suit its purpose. Starting work on the big XYZ project? Assign a color category (purple, for example) to the project, then apply that color category to every Outlook item that relates to the project. You'll always be able to find items related to the XYZ project simply by looking for the items with the purple category mark. The following figure gives you an idea of what color categories look like for messages. 
Color categories applied to mail messages. To make color categories even more useful, Outlook allows you to assign multiple color categories to each item, and lets you assign hotkeys for the color categories you use most frequently. Once you get used to them, color categories really can make working with Outlook 2007 easier and more fun. Note: Color categories also work with Outlook 2007's Search Folders feature. Going back to the XYZ project, you could assign color categories to any items related to the XYZ project, then create a Search Folder that can find any item with that color category anywhere in Outlook automatically. You can find information on uses like this for Search Folders in my book,
How to Do Everything With Microsoft Office Outlook 2007
From here you can:
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