1930 film directed by Géza von Bolváry

As the Austro-Hungarian empire comes closer to defeat in the Great War, a young lieutenant tries to rescue the standards of his Maria Isabell regiment from falling into enemy hands.

Deviating from the historical facts, Lola is introduced as a young Spanish “Gypsy” who becomes involuntarily embroiled in an attempt to poison the Infante of Spain (a short but splendid cameo by Heinrich George). As a result, she has to flee the country, arriving first in Italy, where she is taught how to act like a lady. Later, in Paris, she is invited to dance at the city’s prestigious opera house, becoming a worldwide sensation. She then becomes secretly involved in a revolutionary plot by Louis Napoléon, the future emperor of France. When the plot fails, Lola is once again forced to flee, this time to Munich, where she captures the attention of Ludwig I. Their ensuing affair arouses a great deal of hatred among the people and the establishment, however. In the end, Lola has no choice but to leave again, and vanishes into the night mist.

The two aspiring actresses Jeanette and Mimi are waiting for their big chance. But the real breakthrough is slow in coming. Jeanette especially desperately needs a big success, since her friend, the journalist Stephan, is about to lose his job. When the two have their chance to take a ride in a posh car during a shooting, Jeanette slams on the throttle and the two friends take off. Their aimless journey takes them to a fashionable winter sports’ hotel, where Jeanette reserves a name under “The Countess of Monte Christo”. Everything’s going dandy; no one suspects a thing. That is, until two impostors, Rumowski and “The Baron” take residence in the same hotel.

Prince Valona has a bit of trouble with his girlfriend Eveline (Olivia Fried), so he's quite open for the attraction of a young lady he meets by chance (Valerie Boothby). He doesn't know, however, that this lady is a detective who follows the con-man Carlo Moreno, and as the prince and the criminal look alike, she mistakes the prince for the criminal. The real Moreno isn't far away, though, and he first deprives the prince of his train ticket and then also takes on his identity in order to steal a pearl necklace from Eveline.

Based on the operetta of the same name.