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It has no effect for me and never has. I always get color when I print, although since I'm using a b/w laser printer, it turns out lighter shades of gray. Kind of annoying, but not as bad as if I was on a color printer. On my daily task list I don't like seeing the color... just what needs to be done. (And on that note, I wish I could have the option to turn the various date, flag and now recurring columns off when I print).