<html>
<body>
<form>
<select name="cars" οnchange="alert(this.options[this.selectedIndex].text)">
<option value="volvo">Volvo</option>
<option value="saab">Saab</option>
<option value="fiat">Fiat</option>
<option value="audi">ABC</option>
</select>
</form>
</body>
</html>