What was found
ON TAKEOFF FROM GSO ON FLT 405 AT 500 FEET AGL, THE NR 1 ENGINE SHUT DOWN DUE TO APPARENT LPT FAILURE. THE TURBINE WAS CONTAINED AND NO FIRE OR OTHER DAMAGE OCCURRED. THE FLIGHT CREW CONTINUED TO 2,000 FEET, DECLARED EMERGENCY TO GSO TOWER, WAS CLEARED VISUAL, RETURNED TO GSO, AND LANDED SAFELY SINGLE-ENGINE.