The Pfeifen-Monier family mark All Saints' Day 1937 in the traditional way, little knowing what 1938 will bring.

The family and friends of Margot Venables try to come to terms with her death.

Jem is moved by the sight of old schoolfriends' names on the war memorial at Winchester.

Karen is blissfully happy in her new life, but her successor at the Chalet School isn't happy at all with the way that the domestic staff are treated either there or at Freudesheim, and is determined to bring about change by whatever means are necessary.

Daisy Rosomon was once an award-winning doctor, but now she's a housewife - is she really happy with her life or is it time for change?  Her cousin David Russell's expected to succeed his father as head of the San, but is it really what he wants?  Meanwhile, Gretchen Monier is busy with her career, but does she want something else from life as well? 

David and Gretchen, expecting their first child, spend their first Christmas together as a married couple.

Over a quarter of a century has passed since the events of that day in Spartz precipitated the Chalet School's departure from Tyrol, but, as Innsbruck prepares to host the 1964 Winter Olympics, the events of all those years before are still looming large in many people's lives.