Dery is a grande dame actress of the Sarah Bernhardt school of big-gesture theater. Her beauty and popularity is fading, and a new school of acting which involves the use of one's own emotions (a-la Eleanora Duse) is emerging in the person of her younger Viennese rival. She thinks of retiring from the stage, and reunites briefly with her estranged husband in a newly-built manor in the country. Finding that life there is boring, she returns to town, the theater, and her old friends.

A priest who has been set free from prison recently joins a spy organization.