How to find and replace part of a cell with formatted text

Question

In an Excel 2007 spreadsheet I want to find-replace with highlighting part of the text in a cell. Using find-replace reformats the entire cell though.

For ex

Answer 1

This is what worked great for me:

1. Selected cells in Excel (I selected 1266 at a time--don't know if there's really any limit)

2. Clicked on COPY

3. Opened a blank word file and clicked on PASTE

4. Used CNTL+H to get Find & Replace

5. Entered the characters to find and the characters to replace, adding any formatting desired and selected Replace All (the process took less than 2 seconds)

6. Selected Edit-Select-Select All in the Word file, then held the shift key and pressed the left arrow (I think not doing this would add a row to the next operation)

7. Went back into Excel and, in a spare area, selected Paste - Keep Source Formatting option

That put exactly what I wanted into Excel. From there I could move it wherever I wanted it.