SO jQuery Fiddle

Test Fiddle mainly for SO Questions jQuery 1.4.3, UI 1.8.5

by Nick Craver

HTML

<link rel="stylesheet" href="http://ajax.googleapis.com/ajax/libs/jqueryui/1.8.5/themes/ui-lightness/jquery-ui.css">

<ul alt="" class="menu_Root">
<li class="menu_Child">
<a href="/Admin" alt="">Admin</a>
<ul alt="" class="menu_Child">
<li class="menu_SubMenu">
<a href="/Admin/Statistics" alt="">Statistics</a></li>
<li class="menu_SubMenu">
<a href="/Admin/Database" alt="">Database</a></li>
</ul>

<li class="menu_Child">
<a href="/MyAccount" alt="">My Account</a>
<ul alt="" class="menu_Child">
<li class="menu_SubMenu">
<a href="/MyAccount/Profile" alt="">Profile</a></li>
</ul>

</ul>

CSS

.menu_hover a { color: red; }

JavaScript

$(document).ready(function () {
    var ChildMenusFound = $(".menu_Child").hover(function () {
        //Mouse Over
        $(this).toggleClass("menu_hover");
    }, function () {
        //Mouse Out
        $(this).toggleClass("menu_hover");
    });
});