Move Hover & Display Label

Hi,
The newbie is working on another assignment and have run into a wall.

Create a form with a listbox that list at least four sports teams of your choice.  When the user places  the mouse over the listbox, display a label that contains single-game ticket prioce for each team. The label disappears when the user's mouse leaves the listbox area. When the user clicks a team name in the listbox display another label that contains the correct ticket price. Also change the BackColor of the form to the selected team's color.

WOW!! That is a lot and I andave been struggling withhe first part.  Not sure if I am on the right track with adding the label boxes or tooltips?

Thanks for any help