In this paper we derive an infinite tree code ensemble upper bound on the

th

moments of the computational effort connected with sequential decoding governed by the Fano footnote[1]{algorithm}. It is shown that the

th moment of the effort per decoded branch is hounded by a constant, provided the transmission rate

satisfies inequality (2), This result, although often conjectured, has previously been shown to hold only for positive integral values of

. For a wide class of discrete memoryless channels (that includes all symmetric channels), our bounds agree qualitatively with the lower bounds of Jacobs and Berlekamp [8].