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However, you can use Conditional Formatting in MS Outlook to color-code emails within a folder based on certain rules, giving a similar visual effect. Read Next: How to color code Outlook Calendar.
Outlook's color coding is based on rules that you set up to highlight emails with a specific color when they arrive. For instance, you could set up a rule that emails you receive from your boss ...
Email expert Itzy Sabo sets Microsoft Outlook to color-code all email addressed only to him blue, because those messages are more likely to be more important and require action from him.
The author explains how to use color coding in Outlook 2007 and Outlook 2002/2003. Give this a try and report back on how you like it.
You can make email from important people automatically stand out in your Outlook mailbox with color coding. Here's how.