A BENEFIT READING. Gilda and Otto are living a bohemian lifestyle, she as a dilettante, he as a painter. A visit by Leo, Otto's old friend and a successful playwright leads to an affair between he and Gilda leaving Otto so devastated, he goes off on a tramp steamer. Now living in London with Leo, Gilda is visited by Otto, who has become a successful and sought-after artist. Just as abruptly, Gilda then goes off with Ernest, a stuffy English art dealer leaving both Otto and Leo to find solace both physically and emotionally in each other. The following year, now married to Ernest, Gilda has become a successful decorator in New York. Her seemingly complacent life is disrupted by the return of both Otto and Leo, who have come to take her back with them.