Perhaps attaching a screen shot is the best way to describe the problem - which is really just how I described it above.... 

I click on the Categorise button so that I can set a category for an item in Outlook, for example an email, but the colour that appears in the email list after doing so does not match (or even nearly match) the name of its colour.

I'm curious as to whether its just on my iMac that is happening, or do other people have the colour non-matches on their versions too? 

and