Use the LabelForeColor property to specify the label's foreground color. Use the ForeColor property to specify the editor's foreground color. Use the ForeColor property to specify the foreground color for the entire control. Use the <fgcolor> HTML tag to specify a foreground color for parts of the editor's label. Use the Label property to specify the editor's label. Use the LabelBackColor property to specify the background color of the editor's label.

The following sample assign different background colors for label and the editor as seeing in the screen shot:

With Record1
    .BeginUpdate
    With .Add("Label (red)", DropDownType)
        .Value = "Editor (blue)"
        .BackColor = vbBlue
        .LabelBackColor = vbRed
        .ForeColor = vbWhite
        .Position = 0
    End With
    .EndUpdate
End With