see this example
<form id="form1" runat="server">
<div>
<asp:Label ID="lbl" runat="server" />
<asp:BulletedList ID="lst" DisplayMode="LinkButton" runat="server" onclick="lst_Click" >
<asp:ListItem>Item1</asp:ListItem>
<asp:ListItem>Item2</asp:ListItem>
</asp:BulletedList>
</div>
</form>
protected void lst_Click(object sender, BulletedListEventArgs e)
{
lbl.Text = lst.Items[e.Index].Value;
}