Heading Text and Color Change

[ronsystems]

I have another problem:

 

How can I change the following text, content and its color on the index.php:

 

1. What's New Here?

 

 

2. Welcome Guest! Would you like to log yourself in? Or would you prefer to create an account?

 

 

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I want to change the text and color of What's New Here? to Free Beeies and I want to change the color to ff0000?

 

Secondly. instead of Welcome Guest, I want to say Welcome members.

 

Please help.