'КОД ФОРМЫ:

Option Explicit

Private Sub Form_Load()
 gHW = Me.hwnd
 Hook
End Sub

Private Sub Form_Unload(Cancel As Integer)
 Unhook
End Sub

Private Sub Timer1_Timer()
 Me.Caption = SelectedMenuString
End Sub

'КОД МОДУЛЯ
Option Explicit

Public SelectedMenuString As String 'здесь будет заголовок выбранного элемента меню

Private Declare Function CallWindowProc Lib "user32" _
  Alias "CallWindowProcA" (ByVal lpPrevWndFunc As Long, _
  ByVal hwnd As Long, ByVal Msg As Long, _
  ByVal wParam As Long, ByVal lParam As Long) As Long

Private Declare Function SetWindowLong Lib "user32" _
  Alias "SetWindowLongA" (ByVal hwnd As Long, _
  ByVal nIndex As Long, ByVal dwNewLong As Long) As Long

Private Declare Function GetMenu Lib "user32" _
 (ByVal hwnd As Long) As Long

Private Declare Function GetSubMenu Lib "user32" _
 (ByVal hMenu As Long, ByVal nPos As Long) As Long

Private Declare Function GetMenuItemCount Lib "user32" _
 (ByVal hMenu As Long) As Long

Private Declare Function GetMenuState Lib "user32" _
 (ByVal hMenu As Long, ByVal wID As Long, _
  ByVal wFlags As Long) As Long

Private Declare Function GetMenuString Lib "user32" _
  Alias "GetMenuStringA" (ByVal hMenu As Long, _
  ByVal wIDItem As Long, ByVal lpString As String, _
  ByVal nMaxCount As Long, ByVal wFlag As Long) As Long

Private Const MF_BYPOSITION = &H400&
Private Const MF_HILITE = &H80&
Private Const WM_MENUSELECT = &H11F
Private Const GWL_WNDPROC = -4

Public lpPrevWndProc As Long
Public gHW As Long

Public Sub Hook()
  'Begin hooking into messages.
  lpPrevWndProc = SetWindowLong(gHW, GWL_WNDPROC, _
  AddressOf WindowProc)
End Sub

Public Sub Unhook()
  'Cease hooking into messages.
  SetWindowLong gHW, GWL_WNDPROC, lpPrevWndProc
End Sub

Function AnyLit(hSubSubMenu As Long) As Long
  Dim i As Long
  Dim MenuCount As Long

  'Get the number of items in the menu.
  MenuCount = GetMenuItemCount(hSubSubMenu)

  'Loop through the menu items.
  For i = 0 To MenuCount - 1
    'Check whether this item is highlighted.
    If GetMenuState(hSubSubMenu, i, MF_BYPOSITION) And _
        MF_HILITE Then
      AnyLit = True
      Exit Function
    End If
  Next i

  'Return FALSE, no items highlighted.
  AnyLit = False
End Function

Private Sub WalkSubMenu(hSubMenu As Long)
  Dim i As Long
  Dim MenuItems As Long
  Dim hSubSubMenu As Long
  Dim buffer As String
  Dim result As Long

  'Get the count of menu items in this menu.
  MenuItems = GetMenuItemCount(hSubMenu)

  'Loop through all the items on the menu.
  For i = 0 To MenuItems - 1
    'Determine whether this item is highlighted.
    If GetMenuState(hSubMenu, i, MF_BYPOSITION) And _
        MF_HILITE Then
      'Attempt to get a submenu for each menu item.
      hSubSubMenu = GetSubMenu(hSubMenu, i)

      'Check for a submenu with something selected on it.
      If hSubSubMenu And AnyLit(hSubSubMenu) Then
        'There is a submenu with a selection so walk it.
        WalkSubMenu hSubSubMenu
      Else
        buffer = Space(255)
        result = GetMenuString(hSubMenu, i, buffer, Len(buffer), MF_BYPOSITION)
        buffer = Left$(buffer, result)
        SelectedMenuString = GetDescription(buffer)
        Exit Sub
      End If
    End If
  Next i
End Sub

Public Sub FindHilite(TheForm As Form)
  Dim hMenu As Long
  Dim hSubMenu As Long
  Dim i As Long
  Dim MenuCount As Long

  'Clear any previous description.
  SelectedMenuString = ""

  'Get the menu handle.
  hMenu = GetMenu(TheForm.hwnd)

  'Check to see if there is no menu.
  If hMenu <> 0 Then
    'Get the number of top-level menus.
    MenuCount = GetMenuItemCount(hMenu)

    'Enumerate through all top-level menus.
    For i = 0 To MenuCount - 1
      'Ignore top-level menus not currently selected.
      If GetMenuState(hMenu, i, MF_BYPOSITION) And _
          MF_HILITE Then
        'Get a handle to the submenu.
        hSubMenu = GetSubMenu(hMenu, i)

        'Walk the submenu.
        WalkSubMenu hSubMenu
      End If
    Next i
  End If
End Sub

Private Function GetDescription(MenuCaption As String) As String
 GetDescription = MenuCaption
End Function

Function WindowProc(ByVal hw As Long, ByVal uMsg As Long, ByVal wParam As Long, ByVal lParam As Long) As Long
 If uMsg = WM_MENUSELECT Then
  FindHilite Form1
 End If
 WindowProc = CallWindowProc(lpPrevWndProc, hw, uMsg, wParam, lParam)
End Function