"Olivia" captures the awakening passions of an English adolescent sent away for a year to a small finishing school outside Paris. The innocent but watchful Olivia develops an infatuation for her headmistress, Mlle. Julie, and through this screen of love observes the tense romance between Mlle. Julie and the other head of the school, Mlle. Cara, in its final months.

The evocation of Paris in the 1920s mingles with the rapid rise of the irresistible Caprice, a talented singer, and her tumultuous love affair with Jeff the composer. A photographer nicknamed Bagnolet, a gentle anarchist, gently monitors the activities of Caprice, who has become Lady Paname and, in the absence of morality, makes love triumph.

A fictitious biography of Jacques Offenbach and Hortense Schneider.