Garbancito is an orphan whose friends, Kiriqui and Chirili, are kidnapped by the evil giant Caramanca. In order to rescue them, he is assisted by his fairy godmother, his goat Peregrina, and an enchanted sword.

The young daughter of the Count of Aubanel, beautiful and kind-hearted, is loved by all her father's vassals; but she is cruelly mistreated by her stepmother and stepsister.