aver, intenta con esto...
Código HTML:
<form name="formulario">
<select name="result" onChange="fn_ocultar();">
<option value=0>OK</option>
<option value=1>OBSERVACIONES</option>
<option value=2>NO CONFORMIDAD</option>
<option value=3>RECHAZADO</option>
<option value=4>ASISTENCIA</option>
<option value=5>VERIF. DESCARTE</option>
<option value=6>NO CONFORMIDAD MENOR</option>
<option value=7>PCM</option>
</select>
<br>
<select name="imputado" id="imputado">
<option></option>
<option></option>
<option></option>
</select>
</form>
<script language="javascript" type="text/javascript">
document.getElementById('imputado').style.visibility='hidden';
function fn_ocultar(){
var indice = document.formulario.result.selectedIndex;
var valor = document.formulario.result.options[indice].value;
switch(valor){
case "1":
case "2":
case "3":
document.getElementById('imputado').style.visibility='visible';
break;
default:
document.getElementById('imputado').style.visibility='hidden';
break;
}
}
</script>