The word "ant." Written backwards. Penned by Elisabeth's hand. Where she learned the letters and that, in combination, they spell an actual word, I know not. She's been pointing at letters in books and asking about what sounds they make for awhile now. I suspect some conclusions were drawn from the answers she received.
These pre-reading stages in kids never cease to impress me, not only as a parent, but even as an impartial observer. Humans are, by nature, curious beings and our innate ability to explore and discover and learn impresses me a little bit more with each child as I watch them learn.