Get a Philips or Magnovox TV, as they usually support PAL and NTSC in color.
All A1200 have COLOR composite out. But since your machine is PAL (why on earth would you buy that?) now you have to go to great lengths just to display everything in NTSC mode. a PAL machine might have been ok if you were planning to use it on an RGB monitor always, But since your like me.someone who uses his Amigas on TV's then you are in for some headaches.
But you might also want to get this:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=5172942406&ssPageName=STRK:MESE:ITits a RF modulator with S-Video OUT and Composite OUT..........this is better than the A520