War Machines
Ballista Ammo Cart First Aid Tent Trebuchet
Inflicts ranged damage to enemies during combat.  Can be controlled with the appropriate skills/abilities. Grants all friendly ranged units unlimited shots.  With the appropriate skills/abilities, can increase allied ranged damage. Restores lost hit points.  Can be controlled with the appropriate skills/abilites. Attacks castle walls/towers during a siege.  Can be controlled with the appropriate skills/abilities.

Grail
Image Name Class Value Description

Grail Special n/s This is recovered by digging it up on the Adventure map.  Carrying it back to a town allows you to build the corresponding Grail Building for that town.

Right Hand
Image Name Class Value Description

Dragon Flame Tongue Major 21,000 +2 Attack/Defense & 50% Resistance to Ice Bolt and Frost Ring

Axe of the Mountain Lords

 Major 16,000 +4 Attack
Staff of the Magi Relic 25,000 Negates enemy Magic Resistance.  Magic Immunities are NOT affected.
Staff of Vexing Relic 20,000 -20% Initiative for entire enemy army
Sword of Might Minor 4,000 +2 Attack
Trident of the Titans Minor 5,000 +50% damage for Lightning-based spells
Unicorn Horn Bow Major 15,000 Negates all Range Penalties
Wand Major 7,000 Allows for the casting of the corresponding spell while equipped.  Item has a specific number of charges.  Recharge at Mage Guild

Left Hand
Image Name Class Value Description
Dragon Scale Shield Major 14,000 +3 Defense & free Defense ability
Dwarven Mithral Shield Relic 25,000 +4 Defense & Immunity to Berserk for entire army
Four Leaf Clover Minor 1,500 +1 Luck
Golden Sextant Minor 2,500 Increased Movement over water
Shield of Crystal Ice Minor 9,000 +2 Defense & 50% Resistance to fire-based spells
Spell Scroll Major 3,000 Adds included spell to spell book while equipped
Shackles of the Last Man Relic 40,000 Prevents you and all your foes from retreating from combat.

Head
Image Name Class Value Description
Crown of Courage Relic 24,000 +2 luck and morale
Crown of the Magi Relic 36,000 +6 Knowledge
Crown of Many Eyes Major 3,000 Increased scouting radius
Dragon Talon Crown Major 14,000 +3 Knowledge & free Leadership ability
Dwarven Mithral Helmet Relic 25,000 +4 Knowledge & Immunity to Blind for entire army
Helm of Chaos Unknown Unknown Increases hero's Knowledge by +3, but decreases his Defense by -1.
Turban of Enlightenment Major 5,000 +20% Experience

Shoulders
Image Name Class Value Description
Angel Wings Relic 40,000 Grants hero & army the ability to fly over obstacles on the Adventure Map.
Cloak of Mourning Relic 24,000 -2 luck and morale for enemy troops
Dragon Wing Mantle Major 14,000 +3 Knowledge & increases initiative of all flying units in hero's army by 10%.
Endless Bag of Gold Major 10,000 +1000 gold per day
Sack of Endless Gold Minor 5,000 +250 gold per day
Lion Hide Cape Major 6,000 +2 Morale
Phoenix Feather Cape Minor 5,000 +50% damage to fire-based spells

Torso
Image Name Class Value Description
Breastplate of Petrified Wood Minor 4,000 +2 Spell Power
Scale Mail of Enlightenment Major 10,000 +20% Experience
Dragon Scale Armor Major 14,000 Adds +3 to hero's Attack and increases initiative of all large creatures in hero's army by 5%.
Dwarven Mithral Cuirass Relic 30,000 +4 Defense & immunity to Implosion for entire army
Armor of the Forgotten Hero Relic 36,000 +2 all hero attributes & 20% Magic Resistance for entire army
Robe of the Magi Relic 36,000 +6 Spell Power

Feet
Image Name Class Value Description
Boots of Magical Defense Minor 5,000 +10% Magic Resistance
Boots of the Swift Journey Major 25,000 Increased Movement over land.
Dragonbone Greaves Major 14,000 Adds +3 to hero's Spellpower and increases initiative of all melee units in hero's army by 10%.
Dwarven Mithral Greaves Relic 25,000 +4 Attack & Immunity to Slow for entire army
Golden Horseshoe Major 6,000 +2 Luck
Wayfarers Boots Major 10,000 Negates all Terrain Penalties
 

No

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 Windstrider Boots Unknown Unknown Increases all units speed by +1

Rings
Image Name Class Value Description
Ring of the Shadowbrand Major 25,000 Adds +1 to all Hero's attributes and increases initiative of all shooters in hero's army by 10%. 
Elemental Waistband Unknown Unknown Allows Summon Elemental spell to be equipped.  Increases Spellpower by +4 when Summon Elemental spell is cast
Nightmarish Ring Major 6,000 -2 Morale for enemy units
Ring of Speed Relic 20,000 +20% Initiative for entire army
Ring of Life Minor 4,000 +4 Maximum Hit Points for entire army
Ring of Lightning Protection Minor 5,000 +50% Resistance to Lightning-based spells
Ring of the Magi Relic 40,000 Halves the casting cost of all spells

Necklaces
Image Name Class Value Description
Dragon Teeth Necklace Major 14,000 +3 Spell Power & free Sorcery ability
Evercold Icicle Minor 5,000 +50% damage to Ice Bolt & Frost Ring
Necklace of the Lion Minor 1,500 +1 Morale
Necklace of Power Major 16,000 +2 Attack and Spell Power
Pendant of Mastery Relic 40,000 Grants hero a free level of primary skill.  An additional level is gained even if at Expert.
Necklace of the Bloody Claw Minor 3,000 +1 damage for entire army