Princesa is the absorbing, poignant story of Fernanda, a nineteen-year-old Brazilian transsexual whose dream is to become a woman, find a husband and lead the life of a "normal" housewife. Fernanda goes to Milan and works as a prostitute. On the streets, she is transformed to Princesa, a stylish and alluring figure. Then one night she meets Gianni. Is he the prince of her dreams?