The Colbys return from Denver to their home in Bel Air, California, where Jason Colby holds a press conference regarding the pipeline venture between his company, Colby Enterprises, and Denver-Carrington. Jason's wife, Sable, however, is upset that Jason's sister, Constance, has turned over her shares in the family company to her estranged nephew, Jeff, rather than to Jason and Sable's three children. Jason, meanwhile, shares a secret with Constance- he's dying. Later, Jason learns his business rival Zachary Powers is trying to muscle in on his deal with Denver-Carrington. Constance, meanwhile, contacts Jeff's estranged mother, Francesca, in London and asks her to reunite with the son she abandoned as a child and a reluctant Francesca agrees. Constance then pays a secret visit to her lover, a rancher named Hutch, while keeping her true identity a secret from him. Jeff arrives in California to claim his share of the family empire- and also to find his long-missing, presumed-dead ex-w