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In 1940's Madrid. Juan plays piano for Pepita and her on-stage partner Mario. Although Mario really wants to steal Juan for himself, Juan is not interested and Mario resorts to a string of lovers as consolation. When he loves (and leaves) a young nobleman, the young man wants revenge.
On the way to his exile in Lisbon, Mario meets Silvia, a widow who turns out to be one of his admirers. Silvia has inherited a fortune, leading Mario to resume his career, eventually falling for him. Although Mario has relations with her, he makes it clear that will never fall in love. In Madrid, Juan Pepita and resume their relationship, and because of this the jilted Nena John Colman murders before Pepita, after being arrested. Pepita accepts a contract in Argentina, reunited with Mario. There he meets Tulio, who after starting a relationship with singer eventually ask marriage.