I have not clearly understood from sentence you posted.if you want to select dropdownlist item based on text entered on textbox ,in asp.net webform you can use textchanged event.
Code will look something like this
protected void TextBox1_TextChanged(object sender, EventArgs e)
{
if (TextBox1.Text == "xyz")
DropDownList1.SelectedValue = "0";
}
in aspx something like this\..
<div>
<asp:TextBox ID="TextBox1" runat="server" OnTextChanged="TextBox1_TextChanged"></asp:TextBox>
</div>
<asp:DropDownList ID="DropDownList1" runat="server">
</asp:DropDownList>
you can use update panel if you want to stop postback