I think this maybe a bug but I am postingĀ just to check before adding it on to the bug tracker.
As an example I have used a script from the help file and modded to create the error.
#include <IE.au3>
Local $oIE = _IE_Example("form")
Local $oForm = _IEFormGetObjByName($oIE, "ExampleForm")
Local $oSelect = _IEFormElementGetObjByName($oForm, "selectExample")
_IEAction($oSelect, "focus")
For $i = 1 To 1
_IEFormElementOptionSelect(