As reported to the FAA. Reports are unverified, and codes are left as the FAA publishes them.
What was found
AFTER TAKE OFF AT APPROX 500FT AGL, THE ENGINE STOPPED RUNNING. AIRCRAFT MADE EMERGENCY LANDING IN A FIELD WITH NO DAMAGE OR INJURIES. INSPECTION OF MAGNETO REVEALED THAT BOTH DISTRIBUTOR GEARS HAD FAILED. MAGNETO WAS REBUILT BY TCM 04/07/2000 AND INSTALLED ON 5/12/2000.