To modify the Custom Profile Field or Custom Event Field: 
 

  1. Navigate to Contacts > Database Management > Field Management > Manage Custom Fields 
  2. Expand Custom Profile Fields or Custom Event Fields
  3. Click Edit next to the field you want to modify
  4. Modify the text for any drop-down values you want to change 
  5. Click Save

    Note: If a pre-existing Custom Profile Field or Custom Event Field value is changed, and that value had already been entered on a contact record prior to making that change the original wording of the value will stay on the contact record.  Changing the verbiage of a Custom Profile Field or Custom Event Field value will not update it across all records in your database; it will only use that value moving forward.