Can use onChange in select?

Do you think i can use onChange on a select table?
But only the option 3 will change location.

Ex:
<Form name="form1" method="post" action="">
<select name="table">
<option value="1"> Choice 1</option>
<option value="2"> Choice 2</option>
<option value="3" onChange="location.href='homepage.html'"> Choice 3 to homepage</option>
</select>
<option type="submit" value"submit">

You can only put onChange in the <select> tag itself, but you could make it fire a javascript function that checks the selectedIndex property and either redirects to the page in question or... does nothing..