I have to revive this old thread as this is exactly what my '97 just started doing.
I will be taking it out this afternoon to test for 2nd gear slippage, but from what I've read, for a bad second gear - when it pops out of 2nd it goes into neutral. My bike has this slip for half a second under acceleration. If I recall it was doing it in 1st, 2nd and possibly 3rd.
I see Sean mentioned to check to ensure full shifting and adjustment. Somewhere else, someone mentioned wearing different boots might have had an influence on the full shift....
At first I thought my Shinko 170 was spinning a bit then catching a grip. This could be as it is no longer a round profile, and has become flatter. Maybe I am getting into a lower coefficient of friction area or harder compound?
I am at 19K on the odometer. I don't power shift, but I do run it to redline a lot. Have not had any missed shifts that I can recall.
May also need to look at the drive line and gear teeth. No recent oil change and I use Shell conventional Rotella.
Any other thoughts or things to check?