Here's the code...
Sub Button_Click(sender As Object, e As EventArgs)
' Perform this operation in a try-catch block in case the item is not found.
Try
List.SelectedValue = ItemTextBox.Text
MessageLabel.Text = "You selected " & List.SelectedValue + "."
Catch ex As Exception
List.SelectedValue = Nothing
MessageLabel.Text = "Item not found in ListBox control."
End Try
End Sub