JQuery :: IE Select List Click Not Responding?

I have a simple select list and all I need to do is to feed whatever option is selected into a textfield above it.This works fine in FF but IE doesn't even recognise the click.If you vist http:[url]....and go to the bottom of the page, you'll see the silver color background select list.The "type of event" text field above is supposed to recieve the text of the option set in the select list.I have experimented with 2 bits of code, as follows:

Code:
$('#custom-taxonomy-list option').each(
function(){
//alert('option: '+$(this).text());[code]....

Both work great in FF but not IE - it just won't respond to the 'click' event.