Sir Arthur Wellesley takes the army into Spain. In camp, Sharpe and Harper watch the arrival of a new regiment - the South Essex. At its head is Col. Sir Henry Simmerson, accompanied by Simmerson's nephew Lt. Gibbons, Lt. Berry, Maj. Lennox (a veteran of the Indian Campaign), Capt. Leroy (a loyalist American) and Countess Josefina who is under the 'protection' of Lt. Gibbons. The South Essex is a battalion run by incompetents and filled with soldiers that have never been in battle. Wellesley is unimpressed by Simmerson and his regiment, but, as Simmerson is a political animal, he arranges a 'small victory' for him - blowing the bridge at Valdelacasa. Wellesley orders Sgt Richard Sharpe to see that the mission is a success in exchange for a promotion to captain. Simmerson is infuriated to learn that Sharpe is not a gentleman and was raised from the ranks by Wellesley. In revenge, he orders Sharpe to train his men to fire three rounds a minute by nightfall, or they will be flogged as punishment for failure. Sharpe and Harper succeed infuriating Simmerson even more. The following day, Simmerson orders Capt. Lennox to lead the South Essex across the bridge in an attempt to chase away a small French patrol. But the French cavalry appears as the new soldiers cross the bridge. They panic and are cut to pieces by the cavalry. Sharpe and the Chosen Men run to help the stricken unit. In his panic, Simmerson orders the bridge to be blown, leaving Sharpe and his men stranded. The French make off with the Colours, watched by Sharpe and the dying Lennox. Wellesley breaks up what is left of the South Essex and gives command of the Light Company to the newly promoted Captain Sharpe. Simmerson is outraged and threatens to use his influence in London to have Sharpe stripped of his rank. The only thing Sharpe can do to retain his rank is perform an act of outstanding valour. Sharpe vows to save the honour of the regiment by capturing a French Imperial standard: an eagle.

Portugal 1813 French, Portuguese and British deserters have banded together and taken over the village of Adrados. They are led by 'Marshal Pot au Feu' and Sharpe's old enemy, Obadiah Hakeswill, and they have two English women as hostages. Sarah Dubreton, wife of a French officer and Lady Isabella Farthingdale, the Portuguese wife of Sir Augustus Farthingdale. In Wellington's camp, Sharpe is putting Lt. Gilliland and his rocketeers through their paces. Sir Augustus Farthingdale arrives with the ransom for his wife but is appalled at the idea of Sharpe, raised from the ranks, taking it. Teresa escorts Sharpe and Harper part of the way to Adrados. When they get to the village, they spot two Frenchmen and assume they are deserters. They soon realise it is Sarah Dubreton's husband and his sergeant on the same rescue mission. The four men finally get to see the hostages, but Hakeswill has increased the ransom, giving Sharpe five days to come up with the extra money or the women will be raped. Dubreton tells Sharpe that Maj. Ducos, Napoleons spy master, has forbidden any extra payment. Sharpe decides to mount a rescue. Hakeswill escapes to wreak his revenge on Teresa. He is captured by Dubreton and handed over to the British to face justice. Nairn receives information that the French intend to invade Portugal from Adrados and decides to thwart the plan. Sharpe is promoted to Major and given command of the 60th Rifles in order to secure the safety of the women and prevent the French from taking the town.

1990 film by María Luisa Bemberg