Narrative:

On takeoff, moved flaps from 15 degrees to 5 degrees at V2+20, when vertical velocity indicator went to 4000 ft (updraft) and speed decreased to V2. Disconnect autothrottles to get full power and told first officer to reduce pitch.

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Original NASA ASRS Text

Title: B737-700 CREW ALLOWED THE ACFT TO GET TOO SLOW DURING FLAP RETRACTION.

Narrative: ON TKOF, MOVED FLAPS FROM 15 DEGS TO 5 DEGS AT V2+20, WHEN VERT VELOCITY INDICATOR WENT TO 4000 FT (UPDRAFT) AND SPD DECREASED TO V2. DISCONNECT AUTOTHROTTLES TO GET FULL PWR AND TOLD FO TO REDUCE PITCH.

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.