Franz Schubert retired from Vienna in country for musical writing. He draws his inspiration from a romance with the watermiller's daughter. An operetta in the fifties Vienna style. This is the only movie from Marcel Pagnol in color and the only movie in rouxcolor, a French experimental process derivated from the agfacolor German process.

Georges Villard, a minor bank employee, is won over by Mr Steve who does him favours, treats him to the high life and introduces him to his wife Florence, with whom he falls in love. Georges is unaware that these generous gifts will cost him dearly.

Irène is the unhappy wife of a wealthy publisher, Jacques Voisin-Larive, who cares about her no more than a beautiful piece of furniture. Her meeting with Étienne, a young cabinetmaker with whom she falls in love, turns her dismal existence upside down. Not wanting to reveal her condition to her lover, she pretends to be a modest maid, employed by the Voisin-Larive. At the end of a weekend spent with her lover, Irène discovers that she is pregnant. The fragile balance of their existence is suddenly broken. Taking the initiative, she reveals her affair to Jacques and tells him about her desire to divorce. But her husband has no intention of giving her back her freedom...