ListView->Canvas->Font->Color = Colors[rand()%11];

#include <vcl.h>
#pragma hdrstop

#include "ListViewColors.h"
//---------------------------------------------------
#pragma package(smart_init)
#pragma resource "*.dfm"
TForm1 *Form1;

const int dX = 10;
const int NUMBER_LINES = 10;

TListColumn *Column1;
TListColumn *Column2;
TListColumn *Column3;

TListItem   *ListItem;
TListView   *ListView;

String S[] = {"I see trees of green, red roses too",
              "I see them bloom for me and you",
              "And I think to myself, what a wonderful world",
              "I see skies of blue and clouds of white",
              " The bright blessed day, the dark sacred night",
              " And I think to myself, what a wonderful world",
              "The colours of the rainbow, so pretty in the sky",
              "Are also on the faces of people going by",
              "I see friends shakin' hands, sayin 'How do you do?'",
              "They're really saying 'I love you'"};

TColor Colors[] = { clYellow, clWhite,           (TColor)0xefabc1,
                    clAqua,   (TColor)0x676feda,  clBlue,
                    clRed,    (TColor)0x654321,  (TColor)0xcceabc,
                    clBlack };

                    
//-----------------------------------------------------
__fastcall TForm1::TForm1(TComponent* Owner)
        : TForm(Owner)
{
    randomize();
    Form1->Color = clPurple;
    Position = poScreenCenter;

    //Create a TListView Component
    ListView = new TListView( Form1 );
    ListView->Parent = Form1;
    ListView->Top    = 10;
    ListView->Height = 500;
    ListView->Width  = 600;
    ListView->Left   = 10;
    ListView->Align  = alNone;
    ListView->Color = clGray;
    ListView->Cursor      = crHandPoint;
    ListView->MultiSelect = true;
    ListView->Checkboxes  = false;
    ListView->SortType    = stNone; 
    ListView->GridLines   = false;

    // Select the Report View Style
    ListView->ViewStyle   = vsReport;

    //------------------------------------------------
    // Write code in an OnDrawItem handler to manually
    // draw items in the list view. This event occurs
    // only if OwnerDraw is true.
    ListView->OwnerDraw  = true;
    ListView->OnDrawItem = ListViewDrawItem;
    //------------------------------------------------

    if (ListView->ViewStyle == vsReport)
    {
        // Add Column
        Column1 = ListView->Columns->Add();
        Column1->Caption = "Column 1";
        Column1->Width   = 350;

        // Add Column
        Column2 = ListView->Columns->Add();
        Column2->Caption = "Column 2";
        Column2->Width   = 100;

        // Add Column
        Column3 = ListView->Columns->Add();
        Column3->Caption = "Column 3";
        Column3->Width   = 100;
    }

    // Add Items:
    for (int i = 0; i < NUMBER_LINES; i++)
    {
        ListItem = ListView->Items->Add();
        ListItem->Caption = S[i];
    }
}
//------------------------------------------------------

void __fastcall TForm1::ListViewDrawItem(TCustomListView *Sender,
                                         TListItem *Item,
                                         const TRect &Rect,
                                         TOwnerDrawState State)
{
    //  The OwnerDraw property must be set to true

    ListView->Canvas->FillRect(Rect);

    for (int i=0; i < NUMBER_LINES; i++)
    {
        if (Item->Index == i)
        {
            ListView->Canvas->Font->Color = Colors[rand()%11];
            ListView->Canvas->TextOut(Rect.Left + dX, Rect.Top, S[i]);

        }
    }
}

ListViewColors.h

#ifndef ListViewColorsH
#define ListViewColorsH
//----------------------------------------------------------------------
#include <Classes.hpp>
#include <Controls.hpp>
#include <StdCtrls.hpp>
#include <Forms.hpp>
#include <ComCtrls.hpp>
#include <ExtCtrls.hpp>
#include <Menus.hpp>
//----------------------------------------------------------------------

class TForm1 : public TForm
{
__published:	// IDE-managed Components

        void __fastcall ListViewDrawItem( TCustomListView *Sender,
                                          TListItem *Item,
                                          const TRect &Rect,
                                          TOwnerDrawState State );

private:	// User declarations
public:		// User declarations
        __fastcall TForm1(TComponent* Owner);

};
//----------------------------------------------------------------------
extern PACKAGE TForm1 *Form1;
//----------------------------------------------------------------------
#endif