Lock the template items (lock = button down, dragging OFF).
Select the label.
Click the Labels menu, then click Change Selected Label's Font Size/Color.
Select a typeface from the Fonts list.
Select Regular, Italic, Bold, or Bold Italic from the Styles list.
Select a size for the type.
To underline the words, click the Underline checkbox.
Select a color from the Color drop-down list.
Click OK (ALT+O).