Set in antebellum New Orleans during the early 1850's, this film follows Julie Marsden through her quest for social redemption on her own terms. Julie is a beautiful and free spirited, rapacious Southern belle who is sure of herself and controlling of her fiancé Preston Dillard, a successful young banker. Julie's sensitive but domineering personality--she does not want so much to hurt as to assert her independence--forces a wedge between Preston and herself. To win him back, she plays North against South amid a deadly epidemic of yellow fever which claims a surprising victim.

Set against the background of the Battle of Waterloo, Becky Sharp is the story of Vanity Fair by Thackeray. Becky and Amelia are girls at school together, but Becky is from a "show biz" family, or in other words, very low class. Becky manages to insinuate herself in Amelia's family and gets to know all their friends. From this possibly auspicious- beginning, she manages to ruin her own life, becoming sick, broke, and lonely, and also ruins the lives of many other "loved ones". In the movie we get to see the class distinctions in England at the time, and get a sense of what it was like for the English military at the time of the Napoleonic wars.