 Based on a Broadway musical, the story has Damon Dillingham (Phillip Terry), newly-discharged from the Army following WW II, returning home and learning that his partner, Eddie Martin (Ralph Edwards), has invested the savings (from $21 a month?)Damon sent home in a racehorse, rather than using the money to keep their pre-war band together. So, he starts over. A good start is made when Ann Rogers (Frances Langford) comes on board as the singer, and Gene Krupa also lends a hand.