Display Color Palette Label on Magic Sheet

On a magic sheet, how can I display the label for the color palette a channel is using?  I can place a color palette box on the magic sheet and display the target label of that color palette number instead of the CP number.  That's not what I mean.  What I want is to display that same label on the channel that is using that color palette.  I can display the CP number, but not the CP label.  I have labeled the CP with the color swatch number, e.g. R50, and I want to see that instead of CP 525 on the channel display.  I get an approximation to the color so I can tell that it's kind of red, but I can't tell which red.  Is it CP 525 R50 or is is CP 526 R26 or is it CP 527 L164?

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