Assess whether the red rot is on the inside of the French horn tubing. If it is, you will need to take your instrument in to a local repair shop to have it professionally removed.
Purchase a brass polish and attempt to polish the spot that appears to be red rot. If it is not true red rot, you will be able to polish the instrument and remove the corrosion.
Locate a local music store to speak with a technician about possible methods to remove the red rot, if you were not able to remove it on your own. They will use an acidic-based cleaner to remove the red rot if possible and minimize the progression of the red rot.