I had to do something like this recently so hopefully this can help...
go to custom number field and change one of them to this:
##":"##" P.M.";[Red]##":"##" A.M."
Then you can enter A.M. and P.M. using positive and negative numbers
and no colon.
For instance: 0808 = 8:08 p.m.
while: -0808 = 8:08 a.m (in red)
Change the formating as you need.
Josh
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