About a month after I bought my 2001 LC (approaching the 3,000 mile mark) I began to have problems with the bike popping out of 4th gear when under heavy acceleration. For obvious reasons having the bike come into a false neutral under heavy load is something less than optimal.

  
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This problem seemed to only occur in 4th gear and only under higher RPM conditions. One other thing I noticed was that the bike seemed to be hard to shift for the first 20-30 minutes I rode it, then it got easier. Next day it would, again, be difficult to shift until after 20-30 minutes of riding.






  
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Thinking that perhaps I was running an oil that was too heavy (Castrol 20w-50w) I went to Castrol 10w-40w oil. That didn't seem to help at all. The bike was still difficult to shift and would occasionally pop out of gear (predominantly 4th gear). Finally one day I decided to pull the shifter assembly off and see what I could see. Turned out I could see a lot! The first thing I noticed was that the shifter has a bushing insert between the bolt and the shifter lever. This insert, shown in a picture at right, was rusted to the shift lever and I had to drive it out with a suitable size socket and a rubber mallet.



  
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The inside of the shifter was also rusted. After some extensive cleaning with a small tooth-brush sized wire brush I was able to return both the shifter and the insert sleeve to a suitable state of rustless metal. I then lubed the hell out of each using a good quality wheel bearing grease.

Once put back together I took the bike for a ride and immediately noticed that shifting was now much easier and I don't have that 20-30 minute loosening up period that I had before. Also the problem of the bike bailing out of 4th gear under high-rpm conditions has also gone, which leads me to think that even though I was shifting the bike correctly, because of the rusted condition of the shifter and sleeve that the power to engage the gears was not being sent to the gearbox.