周大偉與其小老婆葉(xie)艷鳳(柳影(ying)虹(hong))收養了一名(ming)(ming)女嬰(ying),取名(ming)(ming)小紅。自此周家家道(dao)中(zhong)(zhong)落(luo),紅在艱苦歲(sui)月(yue)下成(cheng)長。長大后(hou)(hou),紅(陳松伶)得機會加(jia)入明月(yue)社劇團,遂開始了她的(de)(de)(de)唱歌(ge)生涯,改(gai)藝名(ming)(ming)為周璇(xuan)(xuan)(xuan),后(hou)(hou)得參(can)加(jia)歌(ge)唱比(bi)賽而(er)嶄(zhan)露頭角(jiao)。璇(xuan)(xuan)(xuan)雖然被團員緣萍(何(he)嘉麗)敵視,但得嚴子(zi)華(hua)(hua)(hua)(黎(li)明)及張雪(xue)文(wen)(馬海倫(lun))的(de)(de)(de)支持和愛護(hu)。華(hua)(hua)(hua)與璇(xuan)(xuan)(xuan)亦(yi)漸生情(qing)愫(su),幾經(jing)波折終(zhong)于結為夫(fu)婦。璇(xuan)(xuan)(xuan)的(de)(de)(de)契爺樓建(jian)中(zhong)(zhong)(戴志(zhi)偉)發展電影(ying)事業,邀璇(xuan)(xuan)(xuan)為演員,但心(xin)中(zhong)(zhong)只當璇(xuan)(xuan)(xuan)為搖錢樹(shu),華(hua)(hua)(hua)護(hu)妻情(qing)切,與中(zhong)(zhong)屢(lv)起沖突,中(zhong)(zhong)遂設(she)奸計破壞他們夫(fu)妻感情(qing),終(zhong)令(ling)華(hua)(hua)(hua)、璇(xuan)(xuan)(xuan)仳離,璇(xuan)(xuan)(xuan)大受打擊,卻又遇上布匹行(xing)的(de)(de)(de)少東羅浩德(de)(關禮杰),德(de)對璇(xuan)(xuan)(xuan)關懷備至,竟(jing)令(ling)璇(xuan)(xuan)(xuan)再(zai)陷情(qing)網(wang)……