Millionairess Dorothy Hunter is tired of finding out that her boyfriends love her for her money, and equally weary of losing eligible beaus who don't want to be considered fortune-hunters. That's why she trades identities with her secretary Sylvia before embarking on her next romance with Tony Travers. This causes numerous complications not only for Dorothy and Tony but for Sylvia, whose own husband Philip is not the most patient of men.

There is a big charity function at the house of Mrs. Cheyney and a lot of society is present. With her rich husband, deceased, rich old Lord Elton and playboy Lord Arthur Dilling are both very interested in the mysterious Fay. Invited to the house of Mrs. Webley, Fay is again the center of attention for Arthur and Elton with her leaning towards stuffy old Elton. When Arthur sees Charles, Fay's Butler, lurking in the gardens, he remembers that Charles was a thief caught in Monte Carlo and he figures that Fay may be more interested in the pearls of Mrs. Webley, which she is. After Fay takes the pearls, but before she can toss them out the window, she is caught by Arthur who is very disappointed in how things are turning out.