Код:
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Option Explicit
Sub Sample()
Dim strFindWhat As String
Dim strFirstFoundAddress As String
Dim objRange As Range
Dim intFoundPosition As Integer
strFindWhat = "ол"
With ThisWorkbook.Worksheets.Item("Данные").UsedRange
Set objRange = .Find( _
What:=strFindWhat, _
LookIn:=xlFormulas, _
LookAt:=xlPart, _
SearchOrder:=xlByRows, _
SearchDirection:=xlNext, _
MatchCase:=False, _
SearchFormat:=False _
)
If Not objRange Is Nothing Then
strFirstFoundAddress = objRange.Address
Do
intFoundPosition = InStr(1, objRange.Value, strFindWhat, vbTextCompare)
Do While intFoundPosition > 0
objRange.Characters(intFoundPosition, Len(strFindWhat)).Font.Color = RGB(255, 0, 0)
intFoundPosition = InStr(intFoundPosition + 1, objRange.Value, strFindWhat, vbTextCompare)
Loop
Set objRange = .FindNext(After:=objRange)
Loop Until objRange.Address = strFirstFoundAddress
End If
End With
End Sub