Narrative:

Takeoff from ord. Just after rotation; was alerted by ECAM of 'engine 2 N2 overspd.' N2 gauge was flashing red with approximately 101% value displayed. Reduced thrust on both engines to climb power and warning went away; although continued to have a red '+' next to engine #2 N2 gauge. Told ord departure we may be coming back to ord. Contacted dispatch and maintenance to discuss situation and determined our safest course of action was to return to ord. Set up and landed uneventfully; albeit 10000 pounds over maximum landing weight.

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Original NASA ASRS Text

Title: A320 FLT CREW ALERTED TO ENG OVERSPEED DURING INITIAL CLIMB. FLT RETURNED TO DEP ARPT AND LANDED OVERWEIGHT.

Narrative: TKOF FROM ORD. JUST AFTER ROTATION; WAS ALERTED BY ECAM OF 'ENG 2 N2 OVERSPD.' N2 GAUGE WAS FLASHING RED WITH APPROX 101% VALUE DISPLAYED. REDUCED THRUST ON BOTH ENGS TO CLB PWR AND WARNING WENT AWAY; ALTHOUGH CONTINUED TO HAVE A RED '+' NEXT TO ENG #2 N2 GAUGE. TOLD ORD DEP WE MAY BE COMING BACK TO ORD. CONTACTED DISPATCH AND MAINT TO DISCUSS SITUATION AND DETERMINED OUR SAFEST COURSE OF ACTION WAS TO RETURN TO ORD. SET UP AND LANDED UNEVENTFULLY; ALBEIT 10000 LBS OVER MAX LNDG WT.

Data retrieved from NASA's ASRS site as of January 2009 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.