The ghosts of three elderly industrialists killed in an airplane crash return to Earth to help reunite a young couple whom they initially brought together.

On her first anniversary, Ann Reagan finds that her sister-in-law is involved with a shady character that she used to be intimate with, and determines to intervene.

Lamont Cranston assumes his secret identity as "The Shadow", to break up an attempted robbery at an attorney's office. When the police search the scene, Cranston must assume the identity of the attorney. Before he can leave, a phone call summons the attorney to the home of Delthern, a wealthy client, who wants a new will drawn up. As Cranston meets with him, Delthern is suddenly shot, and Cranston is quickly caught up in a new mystery.

Someone is murdering the cast and crew of a new Hollywood movie, and the leading lady may be next. As a police detective locks down the lot and refuses to let anyone leave, the studio’s publicity head and his secretary attempt to solve the murders themselves.