Tad Spencer (Adolphe Menjou) is an American theatrical manager travelling in the Swiss Alps with a troupe of performers when he discovers ice skater Gretchen Muller (Sonja Henie). Convinced she would make them all rich with her routines, Tad is determined to make her a part of his lineup. However, Gretchen would lose her Olympics eligibility if she receives any money for ice skating - but that doesn't stop Tad. Meanwhile, reporter Bob Harris (Don Ameche) is keeping tabs on the situation.
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