Narrative:

The aircraft altitude alert system was inoperative so we were extra aware of altitude. During descent, on autoplt, I was leveling off at FL240, making a small correction on vertical speed, when the autoplt started a rapid descent. The descent went to 23550', approximately, and I recovered it back to FL240. Center didn't say anything to us about it. I don't know how to do anything different if it occurred again.

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Original NASA ASRS Text

Title: AUTOPLT BEGAN A RAPID DESCENT WHEN THE FLT CREW ATTEMPTED TO LEVEL OFF AT ASSIGNED ALT.

Narrative: THE ACFT ALT ALERT SYSTEM WAS INOP SO WE WERE EXTRA AWARE OF ALT. DURING DESCENT, ON AUTOPLT, I WAS LEVELING OFF AT FL240, MAKING A SMALL CORRECTION ON VERTICAL SPEED, WHEN THE AUTOPLT STARTED A RAPID DESCENT. THE DESCENT WENT TO 23550', APPROX, AND I RECOVERED IT BACK TO FL240. CENTER DIDN'T SAY ANYTHING TO US ABOUT IT. I DON'T KNOW HOW TO DO ANYTHING DIFFERENT IF IT OCCURRED AGAIN.

Data retrieved from NASA's ASRS site as of August 2007 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.