Hapless, jobless Steve Summer is infatuated with Terry, who for some reason has always had a tough time breaking up with guys, and Steve is no exception. She implores Gwen to talk to Steve, her old high school boyfriend and let him down easy. But Steve doesn't comprehend Gwen's message and thinks he can win Terry's heart a different way: by learning to dance.

Also, Danny and Guy find a thousand dollars in cash in the bar. When an owner doesn't claim it in two weeks, they figure by rights the money is theirs. They spend in on scaplped Knicks tickets, but when they try to buy another pair, they come up short of cash so they throw in a watch from the lost-and-found box to pay off the scalper. Promptly after doing this a minister arrives looking for his heirloom watch and a old woman shows up looking for her thousand dollars.

Terry Reynolds, longtime assistant to Gwen Leonard, creative executive at a Manhattan marketing and promotions firm, announces to Gwen that she's been let go from her job. The self-centered Gwen's reaction is predictable: she wonders how this will affect her. But she soon finds out that she's a victim of the same corporate downsizing. A few months later, Gwen shows up at the SoHo loft where Terry lives with her brother Danny, an aspiring writer who works at the bar downstairs run by Guy Mann. Without Terry to look after her finances, Gwen has spent all her money and has run up unpayable debts, resulting in her being kicked out of her high-priced condo. Desperate, she pleads with Terry to let her stay with her until she can get back on her feet. Part of that effort includes filing for unemployment benefits, where Gwen is confronted with the unsympathetic civil servant Mrs. Francis. Later Gwen tells Terry that their talents compliment each other and that they should go into business for

Terry insists that Gwen get rid of some of her possessions that are cluttering up the apartment. Gwen reluctantly participates in a tag sale out on the street. Guy comes by to hit on Gwen, but he does prove his worth by talking up the price on an item to a customer. Unfortunately, one of Gwen's old friends, Alyssa, sees her. Gwen explains that she was just hunting for bargains and suggests that Terry is some poor wretch she's helping out. After Gwen has lunch with Alyssa, Terry is not too happy, but Gwen got a contact for a new client, a radio station-owning millionaire. The women need an office to make a good impression, so they blackmail Danny into letting them use the one in which he's been carrying on with a businessman's daughter.

In the office, Gwen and Terry have an argument over whose job is harder to do. Both claim they could do the other's job. So when the client comes in, Terry assumes Gwen's identity and vice-versa, even sending Gwen out for coffee! Tom Whitman is a brash,

Gwen and Terry are hoping to land a big account, Roberta York Cosmetics. But when they meets with Roberta, there's a problem. It seems that at her previous job, Gwen blamed Terry for her being late for a meeting with Roberta. Gwen doesn't remember what she said, but whatever it was makes Roberta very reluctant to work with Terry in the present. Later at the loft, a perturbed Terry jogs Gwen's memory: she told Roberta that she had to bail her assistant out of jail after a smash-and-grab jewelry store robbery!

Terry and Gwen tell Roberta the truth about what happened. Roberta is willing to forgive a troubled youth's past action, but she won't forgive Gwen's lying about it. So the women reverse their stoiries once again. But Gwen also forgot that she also told Roberta that Terry was mentally ill and needed medication. Terry's actions now convince Roberta that she's off that medication. Fnally Gwen talks Roberta into letting them work for her by pointing out the whole cosmetics industry is