Your logic is flawed. You'll probably want to reference each instance of .toggle
by the index of the .togglelink
that's been clicked:
http://jsfiddle.net/isherwood/FRde7/4
$('.toggle').hide();
$('a.togglelink').click(function() {
var myIndex = $(this).index();
$('.toggle').hide();
$('.toggle').eq(myIndex).toggle('slow');
return false;
});