The reel contains a Resident Evil Apocalypse teaser trailer. On the label, R/T repeats and the running time is listed as 1:23. Judging by the catalog number ending in 001, this may have been the first reel produced. On later labels they removed the duplicate R/T and adjusted the time slightly.
1. Left side of label
2. Right side of label
Thanks to eBay member foxdensouthtahoe (images 1-2).