Color Coding Using Conditional Formatting

Hello, I have an Excel file that has numerous cells that contain alpha/numeric values.  i.e. CLAA09IO1.

How would I format those individual cells so that the 0 (zero) and 1 (one) are changed in color (Red) and (Bold), to differentiate between the letter O and the upper case I, respectively?  i.e. CLAA09IO1 (sorry, but this example isn't showing the 0 and 1 in red).

Regards,

Kelly