<form method="post" action="#">
	<select id="select1">
		<option value="1">First option</option>
		<option value="2">Second option</option>
		<option value="3">Third option</option>
		<option value="4">Fourth option</option>
	</select>

	<select id="select2">
		<option value="1" selected>First option</option>
		<option value="2">Second option</option>
		<option value="3">Third option</option>
		<option value="4">Fourth option</option>
	</select>
	<button id="testVal" type="button">Get values</button>
	<button type="reset">Reset form</button>
</form>

<script src="jquery-1.3.2.js"></script>
<script type="text/javascript">
$(document).ready(function()
{
	$('#testVal').click(function()
	{
		alert(
				'Select1:\n selectedIndex = ' + document.getElementById('select1').selectedIndex + ', val() = ' + $('#select1').val() + '\n' +
				'Select2:\n selectedIndex = ' + document.getElementById('select2').selectedIndex + ', val() = ' + $('#select2').val()
			);
	});
});
</script>