What was found
(CAN) ON POWER APPLICATION FOR TAKEOFF, THE #2 ENGINE ACCELERATED NORMALLY TO TAKEOFF POWER. AS THE AIRCRAFT BEGAN TO CLIMB ONTO THE STEP, THE F/O OBSERVED A FLASH OF LIGHT AND HEARD A BANG FROM THE ENGINE. THE TAKEOFF WAS REFECTED AND THE AIRCRAFT RETURNED TO THE DOCK. THE ENGINE WAS REPLACED AND THE AIRCRAFT WAS RETURNED TO SERVICE. INVESTIGATION REVEALED THAT THE COMPRESSOR SECTION OF THE ENGINE HAD FAILED. RESULTS OF THE TEARDOWN WILL BE FORTHCOMING. THIS ENGINE HAS BEEN OPERATING "ON CONDITION" SINCE PURCHASE IN 2002. (TC# 20061128005)