The short answer is no - the icon displays the last used colour selected
from that particular tool.
You could create a couple of macros and add them to your toolbar eg
Sub FontRed()
Selection.Font.Color = wdColorRed
End Sub
Sub FontAuto()
Selection.Font.Color = wdColorAutomatic
End Sub
[URL="http://www.gmayor.com/installing_macro.htm"]http://www.gmayor.com/installing_macro.htm[/URL]
and with the aid of a screen capture tool like SnagIt, capture the red and
black coloured icons, crop them tight to the graphic and paste into the
toolbar editor (not with Word 2007).
With Word 2007, it is rather more complicated to achieve the same end
[URL="http://gregmaxey.mvps.org/Ribbon_Custom_Icons.htm"]http://gregmaxey.mvps.org/Ribbon_Custom_Icons.htm[/URL]
With either version, you could create a character style and apply that to
your text.
>> Stay informed about: Adding duplicate Font Color items to Toolbar