Cut Contour

I need help sitting up my CutContour to work with my Colorchoice that came with my roland cj 500. I have now corel draw essentials 2. I get to add to palette and then when i need to change the name of the color I cant seem to get to the window Patette editor so i can change the color name to CutContour.

please help I have customers that want decals but i can contour cut them..

I know this version is old but i can buy a X7 version do you think this will help? Also would a X9 upgrade full version be a better choice???

Really need help.

Thanks 

Theresa