The year is 1975. A group of wealthy, beautiful young women (the daughters of five well known millionaire businessmen) board the luxury yacht Rosebud in the hope of enjoying the easy life. But their plans come to a dramatic end when Rosebud is taken siege by Palestinian terrorists and the girls are taken hostage. While their fathers wait for the kidnapper's demands the CIA decide to take action. But time is running out and their whereabouts are unknown. The only man for the job is undercover agent Larry Martin (Peter O'Toole), but is it too late already?