he editor of THE DAILY NEWS gossip column has retired. Neville Lytton and his arch-rival Henry Field are competing for the vacancy. When Australian tycoon Wayne Monroe tried to buy the paper, Lytton sets about investigating his past.

Neville Lytton investigates the identity of a masked naken woman who strips at stage parties. A gambler, Lucky Jim Diamond, threatens to sue him over an article Lytton has written.

Margot Shelley, a fading film star, has just published her autobiography. However, Neville Lytton is more interested in the memoirs of starlet Solveig Lindstrom.