Kate and Merton need money. Milly needs love. How far will they go to get what they want? Kate Croy is in love with Merton Densher; a poor writer. Her rich aunt Maud disapproves. Maud has offered Kate a wealthy existence but if Kate chooses to marry Merton she risks losing it all. When American Heiress Milly Theale steps into her London society, Kate sees a way out. Milly confides in Kate that she believes herself to be gravely ill and Kate begins to see a way for her and Merton to have a future. When Merton returns to London, Kate sets out to bring her lover and her friend together.
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