Ultima V: Warriors of Destiny Cheats

Pretty simple, when you die, you loose 50 exp.

So get your characters to around 220 experience, camp until Lord Britsh appears to set everybody level to 3 and just die. You will go back to level 2 but you will NOT loose the stats (INT/STR/DEX). Repeat the process until you reach 30-30-30.

The results are amazing, your party will be overwhelming. I think DEX is the most important attribute, you will get to do several turns before your opponents play and also you will never miss a hit with that nice magic axe of yours.