A graduate student discovers her nightmares are actually visions of real-life murders committed by a man known as the Clock Killer. Joined by an unbelieving detective, she decides she must stop the killer herself, or become his next victim.

A time traveling cop, Jack Deth, from the future is taken back to the past to be given the task of destroying the Trancer program before it has a chance to get out of control, sending the world into a state of chaos and war.