The story unfolds in Bilbao. Rocío (Emma Suárez), is in love with Mario (Antonio Banderas), a free rider with a lot of face that, to top it all, is partner of the business of her father, Domingo (Francisco Rabal) with whom she maintains incestuous relations. When Domingo passes away, both Mario and Rocío's mother have to put to the front of the business, finishing with the inheritance that could receive Rocío. In the midst of her frustration, a young business worker, secretly in love with Rocío, will try to have the legacy of her father end up in the hands of his rightful heiress.
In 1973, the dictator Francisco Franco rules Spain with an iron hand, but is aging and the future of the regime is in question. Admiral Carrero Blanco is his natural successor, so the Basque terrorist organization ETA decides that he must die to prevent the continuity of the dictatorship.