BlackBurrow - Also, loot the gnoll fangs and bring them into the arena in South Qeynos. The captain there (forget his name) will take them and give you xp/faction and an item that you can give to a bartender for more xp/faction and drink that you can sell back for money.
Sorry I don't have more details. It's been awhile since I have done that part.
But, as Wesdok said, gnolls ... lots of gnolls.
Edit:
Edited, Wed Jan 28 09:28:09 2004 by StefinFetchit