Fernando returns home from his self chosen exile in Texas to get revenge for the death of his siblings. Instead he tries to start a revolution against the despotism of the landowners, but his relationship to his old friend Cipriano, who had turned in the meantime to a simple bandit, destroys his plans.

Colonel Cordero implements new taxes among the population in Monterrey without the governor's knowledge. Antonio Sandoval, who has returned from his studies to his hometown, becomes aware of the hustle and bustle of the colonel and makes life difficult as a masked Zorro for the tyrannical alcalde at every opportunity and time of day.

Italian-Spanish Zorro variation.