Dragon Magic
for it was fashioned out of his own memories—a strange, dark story.
    It began in the older days, when the Asakind had walked more often in the Midworld clothed with men’s bodies. So came Odin All-Father, giving men knowledge and strength, and with him Holnir, who brought cheer and laughter. Yet with them skulked Loki in a dark cloud of cunning, deceit, and base thoughts.
    During such a far-faring, Loki, for wicked sport, slew Oddar, who had taken on the seeming of an otter that he might explore the depths of a lake. And then he gave the otter’s body to Oddar’s father, Hreidmar, as a dreadful jest. Then had Hreidmar called upon his other sons, Fafnir and Regin, and together they demanded blood ransom in gold, enough to cover the otter’s hide.

    The Asakind cast lots, and Loki was so selected to go for the gold, Odin and Holnir standing hostage. Loki bargained with the sea queen Ran for her fine net, and with this in hand he caught fast the dwarf king Andvari, who had hidden in the scaled skin of a salmon. From Andvari, in return for his freedom, Loki took the great treasure of the dwarfs. He also tore from Andvari’s own finger a ring in the form of a snake, its tail gripped by its fangs. Diamonds were the scales of that snake, rubies its eyes.
    Then Andvari cast a mighty spell to curse the treasure and the ring. But Loki laughed as he bore it away to the hall of Hreidmar. There they spread out the otter skin, and it became larger and larger, until it covered most of the floor. On it Loki heaped and leveled the treasure. Yet, when he had done, there was still a single hair left uncovered, so he must also cast down upon that the ring, and so with it he cast the curse.
    The Asakind, the blood debt paid, went their way. But Hreidmar, looking upon the vast treasure, lusted for it. And when he touched the ring, behold, he became himself just such a serpent as it was in form.
    Regin cried out at this sight and fled. But his brother Fafnir drew sword and killed the serpent, once his father.
    Then, in turn, he looked upon the gold, and he, too, lusted for it so greatly that it became all the world to him. He bore it off to a far wasteland and there he spread it out to feast his eyes upon it. Among all else was a fine helm of gold made like a dragon’s head. Fafnir put this on, and as the ring had made his sire a serpent, so did the helm make of him a dragon.
    Thus through the years the treasure lay in the waste guarded by the dragon, Fafnir, who had forgotten he had ever been a man. Not until he was slain would evil depart from the land. Many had been the men who had tried to reach the treasure, only to die. Now Sigurd had been chosen by fate to end the rule of Fafnir.
    Sigurd King’s-Son listened and, when Regin sang no more, he spoke.
    “So be it, Regin who was Mimir, who was once host to the Asakind. I shall deal with your dragon brother.”
    “But not alone!” Regin was no longer like Mimir now, but different once again, being gray and wrinkled of skin as if many years of time had passed. His eyes were not those of mortal man, so that Sig dreaded them and was glad they were not turned in his direction. “I shall ride with you.”

    “And I,” Sig said, for he knew that he must. Perhaps Regin did not like that, for he shot a single disturbing glance at Sig. But he did not dispute Sig’s words openly.
    Seven days they went, until they came to a land broken by great chasms. There were many tall black boulders, but nothing grew among them. This way lay twisted at the foot of a mountain up which they must climb and climb, even though their breath came in gasps and their strength failed. Sigurd, who was the strongest, ever led the way.
    On the other side of the mountain was a plain, which they looked down upon at nightfall. Around circles of flickering flames moved a vast, dark shape which Sig, for one, wanted to see no closer. They descended to the bank of a river which lay between them and the plain. The water was

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