Mist

Mist is an intelligent magic item, a talking horse. She was created before the 
landing of the Alphatians, and has seen much pass before her eyes. Over time, 
she gradually became intelligent. Mist can absorb magic items, to increase her 
power. She takes the ability of the item as an intrinsic. If she is reduced to 
0 hp, she is forced to retreat to small statuette form, and loses several 
intrinsics.
  On her latest adventure, she absorbed a frost brand sword, a ring of
protection +2, and a book of infinite spells (with a true dweomer in it!). She 
can now cause cold damage with her hooves, is slightly protected, and can cast
mage spells without components.
  For those with the High Level Campaigns DM's option book, Mist can cast 
True Dweomers, reducing the difficulty by 10 points per her mage level. She 
can not take any material component modifications. She can cast 30 points of 
difficulty (before reduction) per level per day.
  Mist otherwise acts as a heavy warhorse.
  She has shown herself to be surprisingly self-sacrificing, knowing that she
can always "die" and come back again. She has no real ambition to be anything 
other than what she is. Mist is looking for an item of tongues tho, so she
can speak.

Mist's current intrinsics:

Spellcasting [Can cast spells]
Protection +2 [Grants +2 to AC]
Frost Branding [Gives extra d6 frost damage]
Ogre Power [Gives +6 damage to attacks, extra large size]
Gem of Insight [+1 Int and Wis]
Earring of understanding languages [Understands all spoken languages]