sacando de las options el text indicado por el selectedIndex que le mandas ok?
Código:
<script language="Javascript">
<!--
function chekar(f)
{
var texto=f.options[f.selectedIndex].text
alert(texto)
}
//-->
</script>
<form>
<select onchange="chekar(this)" name="a">
<option>Hola 0
<option>Hola 1
<option>Hola 2
<option>Hola 3
<option>Hola 4
</select>
</form>
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