What was found
AFTER T/O WHILE RAISING THE GEAR, THERE WAS A SEVERE RANCID ELECTRICAL SMOKE SMELL WITH A HAZY SMOKE IN THE COCKPIT. AIRCRAFT RETURNED TO ATL AFTER T/O, EMERGENCY DECLARED. UNCLOGGED DRAIN LINES FOR LT WATER SEPERATOR IAW AMM 21-51-13-100-802 AND REPLACED COALESCER IAW AMM 21-51-13-140-801 REPLACED MISSING INSULATION BLANKETS ON WATER SEPERATORS PERFORMED FULL GEAR SWING IAW AMM 32-30-00-710-802 AND ENGINE RUNS IAW AMM 71-00-00-710-808 PER REQUEST OF DIRECTOR OF MTC.