With cbxgroup.parent.oleobjects("cbxfee" & whichone)
.printobject = cbxgroup.value
with .object
If .Value = True Then
.ForeColor = RGB(255, 0, 0) ' Red
Else
.ForeColor = RGB(0, 0, 255)
End If
end with
End With
(Untested, uncompiled. Watch for typos.)