Let A be a noetherian ring, p a prime ideal of A, and e:A/p→I an injective envelope of the A-module A/p. For every integer n≥0, let In denote the submodule of I consisting of the elements annihilated by pn.
a) The A-module I is the union of the In. The injection A/p→I1 extends to an isomorphism of κ(p) onto I1; let us identify κ(p) with I1 by means of this isomorphism. For each integer n⩾0, the structure of A/p-module of In+1/In arises by restriction of scalars from a unique structure of κ(p)-vector space; the canonical homomorphism βI,−n:In+1/In⟶HomA/p(pn/pn+1,κ(p)) is an isomorphism of finite-dimensional κ(p)-vector spaces.
b) There exists a unique structure of Ap-module on I inducing its structure of A-module. The canonical homomorphism Ap⟶EndA(I) is bijective.
According to A, X, p. 20, Example 1, the A/p-module κ(p) is an injective envelope of A/p. It therefore follows from Prop. 2 that I1 identifies with κ(p), that I is the union of the Im, and that for each integer n⩾0, βI,−n is an isomorphism of A/p-modules. For every nonzero element a of A/p, the homothety of ratio a is invertible in HomA/p(pn/pn+1,κ(p)), hence also in In+1/In, which completes the proving of a).
Let s∈A−p. Since the homothety sA/p is injective, the trace of KersI on A/p is zero, whence it follows that the homothety sI is injective. Then sI is a direct factor submodule of I (A, X, p. 19, Cor. 4), hence equal to I since I is indecomposable (No. 1, Prop. 1), so that the homothety sI is bijective. There therefore exists a unique Ap-module structure on I inducing its A-module structure; it extends uniquely to a Ap-module structure (Lemma 2).
For each integer n, one deduces from the canonical ring homomorphism Ap⟶EndA(I) an A-linear mapping αn:Ap/pnAp⟶HomA(In,I). Consider the commutative diagram with exact rows
where αn+1′ is the homomorphism induced by αn+1. Consider the canonical κ(p)-bilinear mapping
αn,−n:pnAp/pn+1Ap×In+1/In⟶I1
(formula (1)). The linear mapping In+1/In⟶Homκ(p)(pnAp/pn+1Ap,I1) associated with it on the left identifies with βI,−n, and that associated with it on the right is αn+1′. Since βI,−n is bijective by a), the same is true of αn+1′; one then deduces from the above diagram, by induction on n, that αn is an isomorphism for every n. Since I is the union of the In, the canonical mapping EndA(I)→limHomA(In,I) is bijective; the ring homomorphism Ap→EndA(I), which identifies with the projective limit of the mappings αn, is therefore bijective.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.