In Buenos Aires, Mario Suárez, a middle-aged theatre director, is left holed up in his apartment, licking his wounds when his girlfriend (and principal dancer) Laura leaves him. Seeking distraction, he throws himself into his next project, a musical about the tango. One evening, while meeting with his backers, he is introduced to a beautiful young woman, Elena, the girlfriend of his chief investor Angelo, a shady businessman with underworld connections. Angelo asks Mario to audition Elena. He does so and is immediately captivated by her. Eventually, he takes her out of the chorus and gives her a leading role. An affair develops between them, but the possessive Angelo has her followed, and threatens her with dire consequences if she leaves him, mirroring Mario's own feelings and actions towards Laura before Elena entered his life. 

The investors are unhappy with some of Mario's dance sequences. They don't like a routine which criticises the violent military repression and torture of the past. Angelo has been given a small part, which he takes very seriously. The lines between fact and fiction begin to blur: during a scene in the musical showing immigrants newly arrived in Argentina, two men fight over the character played by Elena. She is stabbed. Only slowly do we realise that her death is not for real.

Cast

Miguel Ángel Solá as Mario Suárez

Mía Maestro as Elena Flores

Cecilia Narova as Laura Fuentes

Juan Luis Galiardo as Angelo Larroca

Juan Carlos Copes as Carlos Nebbia

Carlos Rivarola as Ernesto Landi

Sandra Ballesteros as María Elman

Óscar Cardozo Ocampo as Daniel Stein

Enrique Pinti as Sergio Lieman

Julio Bocca as Julio Bocca

Martín Seefeld as Andrés Castro