diff --git a/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts b/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts
index cc91122e1f..e10346cc0b 100644
--- a/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts
+++ b/modules/angular2/src/common/forms/directives/select_control_value_accessor.ts
@@ -1,21 +1,78 @@
 import {
-  Query,
   Directive,
   Renderer,
-  Self,
   forwardRef,
   Provider,
   ElementRef,
-  QueryList
+  Input,
+  Host,
+  OnDestroy,
+  Optional
 } from 'angular2/core';
-
-import {ObservableWrapper} from 'angular2/src/facade/async';
 import {NG_VALUE_ACCESSOR, ControlValueAccessor} from './control_value_accessor';
-import {CONST_EXPR} from 'angular2/src/facade/lang';
+import {
+  CONST_EXPR,
+  StringWrapper,
+  isPrimitive,
+  isPresent,
+  looseIdentical
+} from 'angular2/src/facade/lang';
+
+import {MapWrapper} from 'angular2/src/facade/collection';
 
 const SELECT_VALUE_ACCESSOR = CONST_EXPR(new Provider(
     NG_VALUE_ACCESSOR, {useExisting: forwardRef(() => SelectControlValueAccessor), multi: true}));
 
+function _buildValueString(id: string, value: any): string {
+  if (!isPrimitive(value)) value = "Object";
+  return StringWrapper.slice(`${id}: ${value}`, 0, 50);
+}
+
+function _extractId(valueString: string): string {
+  return valueString.split(":")[0];
+}
+
+/**
+ * The accessor for writing a value and listening to changes on a select element.
+ */
+@Directive({
+  selector: 'select[ngControl],select[ngFormControl],select[ngModel]',
+  host: {'(input)': 'onChange($event.target.value)', '(blur)': 'onTouched()'},
+  providers: [SELECT_VALUE_ACCESSOR]
+})
+export class SelectControlValueAccessor implements ControlValueAccessor {
+  value: any;
+  _optionMap: Map<string, any> = new Map<string, any>();
+  _idCounter: number = 0;
+
+  onChange = (_: any) => {};
+  onTouched = () => {};
+
+  constructor(private _renderer: Renderer, private _elementRef: ElementRef) {}
+
+  writeValue(value: any): void {
+    this.value = value;
+    var valueString = _buildValueString(this._getOptionId(value), value);
+    this._renderer.setElementProperty(this._elementRef.nativeElement, 'value', valueString);
+  }
+
+  registerOnChange(fn: (value: any) => any): void {
+    this.onChange = (valueString: string) => { fn(this._getOptionValue(valueString)); };
+  }
+  registerOnTouched(fn: () => any): void { this.onTouched = fn; }
+
+  _registerOption(): string { return (this._idCounter++).toString(); }
+
+  _getOptionId(value: any): string {
+    for (let id of MapWrapper.keys(this._optionMap)) {
+      if (looseIdentical(this._optionMap.get(id), value)) return id;
+    }
+    return null;
+  }
+
+  _getOptionValue(valueString: string): any { return this._optionMap.get(_extractId(valueString)); }
+}
+
 /**
  * Marks `<option>` as dynamic, so Angular can be notified when options change.
  *
@@ -28,36 +85,30 @@ const SELECT_VALUE_ACCESSOR = CONST_EXPR(new Provider(
  * ```
  */
 @Directive({selector: 'option'})
-export class NgSelectOption {
-}
+export class NgSelectOption implements OnDestroy {
+  id: string;
 
-/**
- * The accessor for writing a value and listening to changes on a select element.
- */
-@Directive({
-  selector: 'select[ngControl],select[ngFormControl],select[ngModel]',
-  host: {'(input)': 'onChange($event.target.value)', '(blur)': 'onTouched()'},
-  bindings: [SELECT_VALUE_ACCESSOR]
-})
-export class SelectControlValueAccessor implements ControlValueAccessor {
-  value: string;
-  onChange = (_: any) => {};
-  onTouched = () => {};
-
-  constructor(private _renderer: Renderer, private _elementRef: ElementRef,
-              @Query(NgSelectOption, {descendants: true}) query: QueryList<NgSelectOption>) {
-    this._updateValueWhenListOfOptionsChanges(query);
+  constructor(private _element: ElementRef, private _renderer: Renderer,
+              @Optional() @Host() private _select: SelectControlValueAccessor) {
+    if (isPresent(this._select)) this.id = this._select._registerOption();
   }
 
-  writeValue(value: any): void {
-    this.value = value;
-    this._renderer.setElementProperty(this._elementRef.nativeElement, 'value', value);
+  @Input()
+  set value(value: any) {
+    if (this._select == null) return;
+    this._select._optionMap.set(this.id, value);
+    this._setElementValue(_buildValueString(this.id, value));
+    this._select.writeValue(this._select.value);
   }
 
-  registerOnChange(fn: () => any): void { this.onChange = fn; }
-  registerOnTouched(fn: () => any): void { this.onTouched = fn; }
+  _setElementValue(value: string): void {
+    this._renderer.setElementProperty(this._element.nativeElement, 'value', value);
+  }
 
-  private _updateValueWhenListOfOptionsChanges(query: QueryList<NgSelectOption>) {
-    ObservableWrapper.subscribe(query.changes, (_) => this.writeValue(this.value));
+  ngOnDestroy() {
+    if (isPresent(this._select)) {
+      this._select._optionMap.delete(this.id);
+      this._select.writeValue(this._select.value);
+    }
   }
 }
diff --git a/modules/angular2/test/common/forms/directives_spec.ts b/modules/angular2/test/common/forms/directives_spec.ts
index 7c55b760e8..40e3ae3587 100644
--- a/modules/angular2/test/common/forms/directives_spec.ts
+++ b/modules/angular2/test/common/forms/directives_spec.ts
@@ -94,14 +94,14 @@ export function main() {
         });
 
         it("should return select accessor when provided", () => {
-          var selectAccessor = new SelectControlValueAccessor(null, null, new QueryList<any>());
+          var selectAccessor = new SelectControlValueAccessor(null, null);
           expect(selectValueAccessor(dir, [defaultAccessor, selectAccessor]))
               .toEqual(selectAccessor);
         });
 
         it("should throw when more than one build-in accessor is provided", () => {
           var checkboxAccessor = new CheckboxControlValueAccessor(null, null);
-          var selectAccessor = new SelectControlValueAccessor(null, null, new QueryList<any>());
+          var selectAccessor = new SelectControlValueAccessor(null, null);
           expect(() => selectValueAccessor(dir, [checkboxAccessor, selectAccessor])).toThrowError();
         });
 
diff --git a/modules/angular2/test/common/forms/integration_spec.ts b/modules/angular2/test/common/forms/integration_spec.ts
index 2b84114bd5..6c07e4d6f5 100644
--- a/modules/angular2/test/common/forms/integration_spec.ts
+++ b/modules/angular2/test/common/forms/integration_spec.ts
@@ -38,7 +38,7 @@ import {
 import {Provider, forwardRef, Input} from 'angular2/core';
 import {By} from 'angular2/platform/browser';
 import {ListWrapper} from 'angular2/src/facade/collection';
-import {ObservableWrapper} from 'angular2/src/facade/async';
+import {ObservableWrapper, TimerWrapper} from 'angular2/src/facade/async';
 import {CONST_EXPR} from 'angular2/src/facade/lang';
 import {PromiseWrapper} from "angular2/src/facade/promise";
 
@@ -357,56 +357,253 @@ export function main() {
            });
          }));
 
-      it("should support <select>",
-         inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
-           var t = `<div [ngFormModel]="form">
+      describe("should support <select>", () => {
+        it("with basic selection",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<select>
+                      <option value="SF"></option>
+                      <option value="NYC"></option>
+                    </select>`;
+
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      var sfOption = fixture.debugElement.query(By.css("option"));
+
+                      expect(select.nativeElement.value).toEqual("SF");
+                      expect(sfOption.nativeElement.selected).toBe(true);
+                      async.done();
+                    });
+                  }));
+
+        it("with ngControl",
+           inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder,
+                                                               async) => {
+             var t = `<div [ngFormModel]="form">
                     <select ngControl="city">
                       <option value="SF"></option>
                       <option value="NYC"></option>
                     </select>
                   </div>`;
 
-           tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
-             fixture.debugElement.componentInstance.form =
-                 new ControlGroup({"city": new Control("SF")});
-             fixture.detectChanges();
+             tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+               fixture.debugElement.componentInstance.form =
+                   new ControlGroup({"city": new Control("SF")});
+               fixture.detectChanges();
 
-             var select = fixture.debugElement.query(By.css("select"));
-             var sfOption = fixture.debugElement.query(By.css("option"));
-             expect(select.nativeElement.value).toEqual('SF');
-             expect(sfOption.nativeElement.selected).toBe(true);
+               var select = fixture.debugElement.query(By.css("select"));
+               var sfOption = fixture.debugElement.query(By.css("option"));
 
-             select.nativeElement.value = 'NYC';
-             dispatchEvent(select.nativeElement, "input");
+               expect(select.nativeElement.value).toEqual("0: SF");
+               expect(sfOption.nativeElement.selected).toBe(true);
 
-             expect(fixture.debugElement.componentInstance.form.value).toEqual({"city": 'NYC'});
-             expect(sfOption.nativeElement.selected).toBe(false);
-             async.done();
-           });
-         }));
+               select.nativeElement.value = "1: NYC";
+               dispatchEvent(select.nativeElement, "input");
 
-      it("should support <select> with a dynamic list of options",
-         inject([TestComponentBuilder], fakeAsync((tcb: TestComponentBuilder) => {
-                  var t = `<div [ngFormModel]="form">
+               expect(fixture.debugElement.componentInstance.form.value).toEqual({"city": 'NYC'});
+               expect(sfOption.nativeElement.selected).toBe(false);
+               async.done();
+             });
+           }));
+
+        it("with a dynamic list of options",
+           inject([TestComponentBuilder], fakeAsync((tcb: TestComponentBuilder) => {
+                    var t = `<div [ngFormModel]="form">
                       <select ngControl="city">
                         <option *ngFor="#c of data" [value]="c"></option>
                       </select>
                   </div>`;
 
-                  var fixture;
-                  tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then(
-                      (compFixture) => fixture = compFixture);
-                  tick();
+                    var fixture;
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then(
+                        (compFixture) => fixture = compFixture);
+                    tick();
 
-                  fixture.debugElement.componentInstance.form =
-                      new ControlGroup({"city": new Control("NYC")});
-                  fixture.debugElement.componentInstance.data = ['SF', 'NYC'];
-                  fixture.detectChanges();
-                  tick();
+                    fixture.debugElement.componentInstance.form =
+                        new ControlGroup({"city": new Control("NYC")});
+                    fixture.debugElement.componentInstance.data = ['SF', 'NYC'];
+                    fixture.detectChanges();
+                    tick();
 
-                  var select = fixture.debugElement.query(By.css('select'));
-                  expect(select.nativeElement.value).toEqual('NYC');
-                })));
+                    var select = fixture.debugElement.query(By.css("select"));
+                    expect(select.nativeElement.value).toEqual("1: NYC");
+                  })));
+
+        it("with option values that are objects",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<div>
+                      <select [(ngModel)]="selectedCity">
+                        <option *ngFor="#c of list" [value]="c">{{c['name']}}</option>
+                      </select>
+                  </div>`;
+
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+
+                      var testComp = fixture.debugElement.componentInstance;
+                      testComp.list = [{"name": "SF"}, {"name": "NYC"}, {"name": "Buffalo"}];
+                      testComp.selectedCity = testComp.list[1];
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      var nycOption = fixture.debugElement.queryAll(By.css("option"))[1];
+
+                      expect(select.nativeElement.value).toEqual("1: Object");
+                      expect(nycOption.nativeElement.selected).toBe(true);
+
+                      select.nativeElement.value = "2: Object";
+                      dispatchEvent(select.nativeElement, "input");
+                      fixture.detectChanges();
+                      TimerWrapper.setTimeout(() => {
+                        expect(testComp.selectedCity['name']).toEqual("Buffalo");
+                        async.done();
+                      }, 0);
+                    });
+                  }));
+
+        it("when new options are added",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<div>
+                      <select [(ngModel)]="selectedCity">
+                        <option *ngFor="#c of list" [value]="c">{{c['name']}}</option>
+                      </select>
+                  </div>`;
+
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+
+                      var testComp: MyComp = fixture.debugElement.componentInstance;
+                      testComp.list = [{"name": "SF"}, {"name": "NYC"}];
+                      testComp.selectedCity = testComp.list[1];
+                      fixture.detectChanges();
+
+                      testComp.list.push({"name": "Buffalo"});
+                      testComp.selectedCity = testComp.list[2];
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      var buffalo = fixture.debugElement.queryAll(By.css("option"))[2];
+                      expect(select.nativeElement.value).toEqual("2: Object");
+                      expect(buffalo.nativeElement.selected).toBe(true);
+                      async.done();
+                    });
+                  }));
+
+        it("when options are removed",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<div>
+                      <select [(ngModel)]="selectedCity">
+                        <option *ngFor="#c of list" [value]="c">{{c}}</option>
+                      </select>
+                  </div>`;
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+
+                      var testComp: MyComp = fixture.debugElement.componentInstance;
+                      testComp.list = ["SF", "NYC"];
+                      testComp.selectedCity = testComp.list[1];
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      expect(select.nativeElement.value).toEqual("1: NYC");
+
+                      testComp.list.pop();
+                      fixture.detectChanges();
+
+                      expect(select.nativeElement.value).not.toEqual("1: NYC");
+                      async.done();
+                    });
+                  }));
+
+        it("when option values change identity while tracking by index",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<div>
+                      <select [(ngModel)]="selectedCity">
+                        <option *ngFor="#c of list; trackBy:customTrackBy" [value]="c">{{c}}</option>
+                      </select>
+                  </div>`;
+
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+
+                      var testComp = fixture.debugElement.componentInstance;
+
+                      testComp.list = ["SF", "NYC"];
+                      testComp.selectedCity = testComp.list[0];
+                      fixture.detectChanges();
+
+                      testComp.list[1] = "Buffalo";
+                      testComp.selectedCity = "Buffalo";
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      var buffalo = fixture.debugElement.queryAll(By.css("option"))[1];
+
+                      expect(select.nativeElement.value).toEqual("1: Buffalo");
+                      expect(buffalo.nativeElement.selected).toBe(true);
+                      async.done();
+                    });
+                  }));
+
+        it("with duplicate option values",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<div>
+                      <select [(ngModel)]="selectedCity">
+                        <option *ngFor="#c of list" [value]="c">{{c}}</option>
+                      </select>
+                  </div>`;
+
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+
+                      var testComp = fixture.debugElement.componentInstance;
+
+                      testComp.list = ["NYC", "SF", "SF"];
+                      testComp.selectedCity = testComp.list[0];
+                      fixture.detectChanges();
+
+                      testComp.selectedCity = "SF";
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      var firstSF = fixture.debugElement.queryAll(By.css("option"))[1];
+
+                      expect(select.nativeElement.value).toEqual("1: SF");
+                      expect(firstSF.nativeElement.selected).toBe(true);
+                      async.done();
+                    });
+                  }));
+
+        it("when option values have same content, but different identities",
+           inject([TestComponentBuilder, AsyncTestCompleter],
+                  (tcb: TestComponentBuilder, async) => {
+                    var t = `<div>
+                      <select [(ngModel)]="selectedCity">
+                        <option *ngFor="#c of list" [value]="c">{{c['name']}}</option>
+                      </select>
+                  </div>`;
+
+                    tcb.overrideTemplate(MyComp, t).createAsync(MyComp).then((fixture) => {
+
+                      var testComp = fixture.debugElement.componentInstance;
+                      testComp.list = [{"name": "SF"}, {"name": "NYC"}, {"name": "NYC"}];
+                      testComp.selectedCity = testComp.list[0];
+                      fixture.detectChanges();
+
+                      testComp.selectedCity = testComp.list[2];
+                      fixture.detectChanges();
+
+                      var select = fixture.debugElement.query(By.css("select"));
+                      var secondNYC = fixture.debugElement.queryAll(By.css("option"))[2];
+
+                      expect(select.nativeElement.value).toEqual("2: Object");
+                      expect(secondNYC.nativeElement.selected).toBe(true);
+                      async.done();
+                    });
+                  }));
+      });
 
       it("should support custom value accessors",
          inject([TestComponentBuilder, AsyncTestCompleter], (tcb: TestComponentBuilder, async) => {
@@ -849,7 +1046,6 @@ export function main() {
                   <input type="radio" name="food" ngControl="chicken" [(ngModel)]="data['chicken1']">
                   <input type="radio" name="food" ngControl="fish" [(ngModel)]="data['fish1']">
                 </form>
-
                 <form>
                   <input type="radio" name="food" ngControl="chicken" [(ngModel)]="data['chicken2']">
                   <input type="radio" name="food" ngControl="fish" [(ngModel)]="data['fish2']">
@@ -1134,6 +1330,9 @@ class MyComp {
   form: any;
   name: string;
   data: any;
+  list: any[];
+  selectedCity: any;
+  customTrackBy(index: number, obj: any): number { return index; };
 }
 
 function sortedClassList(el) {
diff --git a/tools/public_api_guard/public_api_spec.ts b/tools/public_api_guard/public_api_spec.ts
index 1705d8ec75..802822c227 100644
--- a/tools/public_api_guard/public_api_spec.ts
+++ b/tools/public_api_guard/public_api_spec.ts
@@ -777,6 +777,10 @@ const COMMON = [
   'NgPlural.ngPlural=(value:number)',
   'NgPluralCase',
   'NgSelectOption',
+  'NgSelectOption.constructor(_element:ElementRef, _renderer:Renderer, _select:SelectControlValueAccessor)',
+  'NgSelectOption.id:string',
+  'NgSelectOption.ngOnDestroy():any',
+  'NgSelectOption.value=(value:any)',
   'NgStyle',
   'NgStyle.constructor(_differs:KeyValueDiffers, _ngEl:ElementRef, _renderer:Renderer)',
   'NgStyle.ngDoCheck():any',
@@ -798,12 +802,12 @@ const COMMON = [
   'ReplacePipe.transform(value:any, args:any[]):any',
   'RequiredValidator',
   'SelectControlValueAccessor',
-  'SelectControlValueAccessor.constructor(_renderer:Renderer, _elementRef:ElementRef, query:QueryList<NgSelectOption>)',
+  'SelectControlValueAccessor.constructor(_renderer:Renderer, _elementRef:ElementRef)',
   'SelectControlValueAccessor.onChange:any',
   'SelectControlValueAccessor.onTouched:any',
-  'SelectControlValueAccessor.registerOnChange(fn:() => any):void',
+  'SelectControlValueAccessor.registerOnChange(fn:(value: any) => any):void',
   'SelectControlValueAccessor.registerOnTouched(fn:() => any):void',
-  'SelectControlValueAccessor.value:string',
+  'SelectControlValueAccessor.value:any',
   'SelectControlValueAccessor.writeValue(value:any):void',
   'SlicePipe',
   'SlicePipe.transform(value:any, args:any[]):any',