The two aspiring actresses Jeanette and Mimi are waiting for their big chance. But the real breakthrough is slow in coming. Jeanette especially desperately needs a big success, since her friend, the journalist Stephan, is about to lose his job. When the two have their chance to take a ride in a posh car during a shooting, Jeanette slams on the throttle and the two friends take off. Their aimless journey takes them to a fashionable winter sports’ hotel, where Jeanette reserves a name under “The Countess of Monte Christo”. Everything’s going dandy; no one suspects a thing. That is, until two impostors, Rumowski and “The Baron” take residence in the same hotel.

Prince Valona has a bit of trouble with his girlfriend Eveline (Olivia Fried), so he's quite open for the attraction of a young lady he meets by chance (Valerie Boothby). He doesn't know, however, that this lady is a detective who follows the con-man Carlo Moreno, and as the prince and the criminal look alike, she mistakes the prince for the criminal. The real Moreno isn't far away, though, and he first deprives the prince of his train ticket and then also takes on his identity in order to steal a pearl necklace from Eveline.

Based on the operetta of the same name.