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Trois Valses (Three Waltzes) was adapted from the operetta of the same name by Oscar Straus, Leopold Marchand and Albert Willemitz. The story is divided into three "acts", each occuring at a different point in time. In 1869, a gorgeous dancer gives up the love of her life, a French military officer, in favor of her career. In 1900, the daughter of the dancer, a celebrated opera diva, falls in love with the son of the officer, but with the same unhappy results. The final episode occurs in 1938, as the dancer's granddaughter, a famous film star, refuses to make the same mistake as her mother and grandmother, finding happiness in the arms of the officer's grandson. Linking the three stories is Henri Guiol as the ever-ageing impresario who manages the careers of all three heroines.