  We analyse the elastic energy of an intercalated smectic where
orientationally ordered polymers with an average orientation varying from layer
to layer are intercalated between smectic planes. The lowest order terms in the
coupling between polymer director and smectic layer curvature are added to the
smectic elastic energy. Integration over the smectic degrees of freedom leaves
an effective polymer twist energy that has to be included into the total
polymer elastic energy leading to a fluctuational renormalization of the
intercalated polymer twist modulus. If the polymers are chiral this in its turn
leads to a renormalization of the cholesteric pitch.
