Can anyone tell me where can i find the ring of free action ? Thanks in advance!

It's in the Asylum dungeon. Once bohdi takes you to it go to the stair way in the east and click on the book podeum several times, you'll have to face increasingly hard monsters (including a Mind Flayer) but after about four or so tries you'll get the ring.

<font color="gold">SPOILERS
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IIRC, the first monster is a Kobold Commando, the second is a Sword Spider, the third is an Umberhulk, the fourth is a Mind Flayer, and the fifth is a Beholder.
Hard to get, but definetly worth the trouble. [img]smile.gif[/img] </font>

Also note that you have to kill ALL the monsters to get the goodies.