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When her aristocratic lover Andre (Lucien Galas) is forced to give her up in favor of a wealthy marriage, Nicolette (Grazia del Rio) is so despondent that she nearly commits suicide. Instead, she agrees to become the mistress of the much-older Comte de Richbourg (Pierre Magnier). It so happens that the Comte is Andre's father, which should give the modern viewer a good idea of the "do as I say, not as I do" mentality prevalent in the France of the '30s. All ends happily, however, when De Richbourg nobly steps aside so that Nicolette and Andre can be reunited. Petite de Montparnasse was simultaneously filmed in a German-language version.