Narrative:

On initial climb leveling at 5;000 feet then cleared to 13;000 feet. Autopilot was engaged. Autopilot was in VNAV altitude. When cleared to 13;000; aircraft was stuck in altitude hold. Speed began to increase rapidly. Captain was pilot flying. I called airspeed out. Nothing he did would bring the autopilot out of altitude hold. He disconnected the autopilot. Speed was about 285 knots. He increased pitch and corrected airspeed. I noticed that speed window was open and indicating 148 knots. I suggested cycling flight director switches to reset MCP. This was successful and we re-automated. Flight was normal following this correction.

Google
 

Original NASA ASRS Text

Title: B767-300 flight crew reported that during initial climb autopilot stuck in Altitude Hold Mode. After troubleshooting flight crew was able to regain control and flight resumed uneventfully.

Narrative: On initial climb leveling at 5;000 feet then cleared to 13;000 feet. Autopilot was engaged. Autopilot was in VNAV ALT. When cleared to 13;000; aircraft was stuck in ALT HOLD. Speed began to increase rapidly. Captain was pilot flying. I called airspeed out. Nothing he did would bring the autopilot out of ALT HOLD. He disconnected the autopilot. Speed was about 285 knots. He increased pitch and corrected airspeed. I noticed that speed window was open and indicating 148 knots. I suggested cycling flight director switches to reset MCP. This was successful and we re-automated. Flight was normal following this correction.

Data retrieved from NASA's ASRS site and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.