Oblivion: The Ultimate Heist
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The Ultimate Heist - Thieves Guild
Again, the procedure is very similar to all the previous quests from Gray Fox. You must have fenced at least 1000 Gold to get this one. Amusei will approach you and tell you that Gray Fox is waiting in Orthelos' House in Elven Gardens. He'll tell you that your last objective to steal the Elder Scroll from the palace library!

Go to the Palace in the central part of the Imperial City. Follow the map marker, breaking in to the cellar. You'll see a huge hourglass called the Glass of Time. Touch it and go back outside. Head to Imperial City Aboretum and use the sewer entrance pointed on your map. Now to cross three levels of sewers. You'll encounter some doors that require turning the handles nearby. Finally, you'll reach The Old Way.
The Old Way is an irritating dungeon, consisting of a few separate parts. It's fairly easy to get lost in here - just try to uncover the whole maps, and you'll find your way eventually. You'll get to The Lost Catacombs. In the end of the level, you'll have to wear Jak's boots (if you haven't worn them all the time, and you should have) to jump on the upper level of the room (left screenshot). Use one of the buttons there and run through the open door to the Hall of Epochs.
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Use Spinheel Jak's Boots here.
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Use Arrow of Extrication here.
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Enter the huge room and you'll get a journal entry that you probably should use the Arrow of Extrication somewhere around here. Go through the door in the southern part of the room and use the button here. Continue on due south. Go to the next section of Hall of Epochs. Look around over there, you'll find another button. Use it and go back to the huge room with a statue. The stone blocks have disappeared and you're free to use the arrow in the right spot.
Practice a little bit using ordinary arrows. Your crosshair should be somewhere around the statue's hands, where they are holding the sword. When you hit the right spot, you hear a recognizable sound. When you feel confident already, use the Arrow of Extrication. If you miss, you'll have to go for the arrow, pick it up, return to the shooting point, and try again.
Go through the door that appeared before you.
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You're in the palace already. Sneak into Elder Scrolls Library. When you're on the level with blind monks sitting around, use the lever (left screenshot above, it's hard to see it without a torch). Sit on the chair and wait for the monks to bring the scroll to you. Take it, stand up and sneak up the stairs. Picklock the door and sneak past the guard to Moth Priests' Quarters, then to Battlemage's Quarters. You're in Chancellor Ocato's private room! Approach the fireplace and jump down. You've done it!
HINT: Jumping down the fireplace takes a LOT of damage, unless you're wearing Boots of Springheel Jak. They are destroyed in the process, though. Decide whether you prefer to keep the boots and risk death or loose them once and for all.

When you're back to Fox, he'll have a last request for you. Take the ring from him and deliver it to Countess Umbranox in Anvil. You'll see a touching cutscene in which the mystery of the Gray Fox is finally solved. The Gray Fox, you say? You mean yourself, of course? Yup, from now on YOU are Cyrodiil's most wanted.
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