封建旧势力下，一个出身卑微的弱女子苏小小，虽然有着美丽的容貌和高雅的品性以及对爱情和幸福执着的追求，但始终摆脱不了以孟浪为首的富家子弟的欺压。当她将全部的感情托付于鲍仁而对他寄予希望时，她得到的却是忘恩负义。苏小小心灰意冷，最终绝望抱病含恨去世，被埋葬在钱塘江畔。

The story is about a young girl named So Siu-siu. Siu-siu's mother had committed suicide when Siu-siu was young. Siu-siu is now being taken care of by her aunt (Diana PANG Dan) and her uncle (Elvis TSUI Kam-kong) who are owners of a brothel. One day, the officer Mang visits the brothel and catches a glimpse of Siu-siu. He becomes interested in her, however Siu-siu has no interest in Mang. Instead, she falls in love with another officer's nephew. Her aunt tries to break the relationship between Siu-siu and her 'Dream Lover'.