Hi Rocky,
Something like this?
.menu-level-2 A:link, .menu-level-2 A:visited, .menu-level-2 A:active {
   color: #FF0000;
}
.menu-level-2 A:hover {
   font: bold 12px 'Trebuchet MS', verdana, sans-serif;
   color: #000000;
}
Best wishes
Søren Vedel