function inwersja() {
len = document.test.branze.length
for (i = 0; i < len; i++) {
if (document.test.branze.options[i].selected)
document.test.branze.options[i].selected = false
else
document.test.branze.options[i].selected = true
}
}
<FORM METHOD=POST ACTION="" NAME="test">
<select name="branze" multiple size="5">
<option selected value="0">--------- wybierz --------</option>
<option value="1">5</option>
<option value="2">20</option>
<option value="3">100</option>
</select>
<INPUT TYPE="button" Value="INWERSJA" onClick="inwersja()">
</FORM>