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In a charming Italian village, an aging manager and his troupe perform their vaudeville show. The event captures the attention of a young woman named Liliana, whose eyes sparkle with dreams of joining the performers.

After the show, Liliana secretly boards the train with the troupe as they prepare to travel to their next engagement. Her heart is set on becoming part of their ensemble, stirring excitement and anxiety within her.

During the night on the train, Liliana approaches Checco Dal Monte, the troupe's manager, and earnestly asks to join them. However, her request is initially met with dismissal, as Checco is skeptical of her capabilities.

The next morning, the troupe faces a financial crisis as they cannot pay for transport. Liliana offers her own money to the group, rescuing them from a long walk, and she quickly earns their admiration and warmth.

During an evening performance met with an unfriendly crowd, Liliana's captivating presence changes the audience's mood. A local promoter notices her talent and insists that the troupe feature her prominently.

Liliana's introduction to the show brings newfound success for the troupe over the next few days. The group's performances become more popular, and Checco finds himself attracted to Liliana amidst their rising fame.

As the troupe enjoys success, Checco grapples with his feelings for Liliana and his obligations to his mistress, Melina. He ultimately chooses to break ties with Melina, deepening his connection with Liliana.

Upon arriving in Rome, Checco is inspired to start a new troupe centered around Liliana, who has become the star of their shows. He is eager to capitalize on her growing fame and potential.

In search of funding to support his new plans, Checco turns to Melina for help. Although she reluctantly provides the money, she expresses her anger and heartbreak, asking him never to contact her again.

Just as Checco feels triumphant about securing funds, he receives devastating news from Liliana: she has signed with a competing troupe. This revelation shatters his dreams and leaves him feeling defeated.

Despite her decision, Liliana prepares for her performance as a featured dancer in the rival troupe. The promising future she visualizes starkly contrasts Checco's emotional turmoil and loss.

In the film's climax, Liliana boards a first-class train bound for Milan, radiating beauty in her luxurious fur coat. Meanwhile, Checco and his former troupe depart in the opposite direction, marking the end of their shared journey.

As the two trains leave the station, a sense of bittersweet nostalgia lingers. Checco gazes at a stranger across the aisle, symbolizing his potential for self-discovery and the cycle of life.

With the rhythmic sounds of the train moving forward, Checco contemplates the recent changes in his life. He is reminded of how life, like trains, moves on and presents new opportunities, even as past connections fade.