Karembeu is right in that it's the Nishruu/Hakeshar that eats magic items. This has not been fixed in the patch, wich only fixed the fact that wands could get negative (read infinite) charges. It is however fixed in the unofficial patch that I listed in an other recent thread (jus look for my name. I don't post many threads).
If items vanish for you mysteriously I recommend downloading the shadowkeeper utility so that you can get yer items back again, saving a lot of frustration. The gods know that my poor familiars are happy that I did that myself.
[This message has been edited by Thomas (edited 01-16-2001).]