In a recent series of papers, [2]-[4] Schalkwijk and Kailath have proposed a block coding scheme for transmission over the additive white Gaussian noise channel with one-sided spectral density

using a noiseless delayless feedback link. The signals have bandwidth

and average power

. They show how to communicate at rates

, the channel capacity, with error probability

(where

is the coding delay), a "double exponential" decay. In their scheme the signal energy (in a

-second transmission) is a random variable with only its expectation constrained to be

. In this paper we consider the effect of imposing a peak energy constraint on the transmitter such that whenever the Schalkwijk-Kailath scheme requires energy exceeding a

(where

is a fixed parameter) transmission stops and an error is declared. We show that the error probability is degraded to a "single exponential" form

and find the exponent

. In the case

. For finite

is given by a more complicated expression.