[jQuery] Show element inside this

[eXistent]

Hi,
is there some easy way to make something like this:

$(document).ready(function() {
        $(".track").mouseover(function(){
                $(".track .label").show(1000);
        });
});

but only for each child element separately?
I mean something like this:

$(document).ready(function() {
        $(".track").mouseover(function(){
                $(this ".label").show(1000);
        });
});

Thanks for answers and tips.