The film is about a woman who experiences frightening visions after visiting an insane asylum where one of the inmates claims to be Count Dracula (here following the Hungarian spelling Drakula). She has trouble determining whether the inmate's visions are real or merely nightmares.

The film focuses on the leadership of the Great Powers of Europe in the days leading up to the outbreak of the First World War.

Fräulein Else is a 1924 novella by the Austrian writer Arthur Schnitzler.t has been adapted intothe German silent Fräulein Else (1928).