Prince Victor looks in vain for a swan which was wounded by one of his servants. Instead he discovers a beautiful girl with golden hair who has an arrow in her shoulder. She is dumb and can't explain her origin. He falls immediately for her. The girl quickly recovers, but disappears mysteriously.

The Dragon Ring is an italian film of two parts. It's about Desideria, the dragon king's daughter and Selvaggia, her adopted and magical sister. To get the dragon ring after the death of her father, Desideria needs to marry, but she can't find a husband, so Selvaggia sees her chance to get the ring with all its powers.