Narrative:

Cleared to 11000 ft, set properly in altitude warning indicator. Passing 12000 ft given radar vector about 30 degree left of track. As I leaned over to turn heading bug, I also dialed inbound ILS course and tuned frequency. At that point, I noted the aircraft passing 10500 ft. I immediately disconnected autoplt, pulled nose up and added power to return to 11000 ft (lowest point was 10300 ft). First officer missed '1000 ft to go' call. Autoplt did not have altitude set mode. ATC did not notice or notify us of our altitude diversion. We did not report the discrepancy to approach control.

Google
 

Original NASA ASRS Text

Title: CAPT OF AN LGT OVERSHOT DSCNT ASSIGNED ALT DUE TO DISTR AND A LACK OF WARNING FROM THE ALT ALERTER AND THE FO CALLOUT.

Narrative: CLRED TO 11000 FT, SET PROPERLY IN ALT WARNING INDICATOR. PASSING 12000 FT GIVEN RADAR VECTOR ABOUT 30 DEG L OF TRACK. AS I LEANED OVER TO TURN HDG BUG, I ALSO DIALED INBOUND ILS COURSE AND TUNED FREQ. AT THAT POINT, I NOTED THE ACFT PASSING 10500 FT. I IMMEDIATELY DISCONNECTED AUTOPLT, PULLED NOSE UP AND ADDED PWR TO RETURN TO 11000 FT (LOWEST POINT WAS 10300 FT). FO MISSED '1000 FT TO GO' CALL. AUTOPLT DID NOT HAVE ALT SET MODE. ATC DID NOT NOTICE OR NOTIFY US OF OUR ALT DIVERSION. WE DID NOT RPT THE DISCREPANCY TO APCH CTL.

Data retrieved from NASA's ASRS site as of July 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.