Label control is not designed for this. Better to use a textbox control which has a possibility of scrollbars and a few other bits of functionality that you will need.... The backcolor and forecolor of the textbox can be set to any color you like, and the text-box disabled parameter can be set to true if you want it to look like a label control and to be read-only. Just make sure to change the forecolor text for your text control when it is disabled to something that you like.
OR if u want tow lines to come in label text then try something like this;
Label1.Text = "Line1" & Constants.vbCrLf & "Line2"
Go thr this link for more details;
http://www.experts-exchange.com/Programming/Misc/Q_21762699.html
Or To wrap a text in label go thr these links;
http://www.developerfusion.co.uk/show/1002/
http://forums.microsoft.com/MSDN/ShowPost.aspx?PostID=476018&SiteID=1
This will give u an idea;
Best Luck!!!!!!!!!!!
Sujit.