After much cursing I arrived at the Draracle only to find he doesn't want any of the trinkets I have. Please tell me there is an easy way to remedy this. I swear I was very thorough in my trek through the caves. Thanks

The way through the Draracle cave splits on level 2 and depending on which you follow you should have found one of these treasures:
-A silver cup
-A jeweled dagger

Edit: This site features very good maps. There you will find the location of the trinket:
http://www.ethereallore.envy.nu/1map.html

Thanks. Somehow I got all the way to the end without either of those items. Guess I will have to go back (damn wasps)