It's the new term, and the hot topic at school is clubs! Sakura and Tomoyo decide to join the same clubs they did in elementary school, cheerleading and chorus.

It's been raining buckets all day. Sakura and Tomoyo take shelter in a park on the way home from school, and suddenly the Key of Dreams at Sakura's chest begins to shine... Is it the work of a card?

A new transfer student named Akiho Shinomoto joins Sakura's class. She's just arrived in Japan after living overseas, so her Japanese is still very stiff and formal. Sakura invites her to eat lunch with her group, excited to make a new friend.

Sakura is having a flower-viewing party with her friends Tomoyo, Syaoran, Chiharu, Naoko, and Yamazaki, as well as the new transfer student Akiho.

Sakura continues to face the hooded figure in her dreams. At school, everyone says they want to hear Akiho sing again after being charmed by her voice at their flower-viewing party, so they meet in the music room after classes are over.

Sakura and Kero-chan visit Tomoyo's house to test the abilities of the Record card. Tomoyo's mother appears and gives Sakura an enthusiastic welcome, then the girls head outside to test the card.

Sakura finds out that Akiho has moved into the mansion formerly inhabited by Clow Reed's reincarnation, Eriol. She pays a visit with Tomoyo and meets Kaito, the butler who's been taking care of Akiho since her childhood.

Sakura is visiting the Tsukimine Shrine market with Meiling, Akiho, and the rest of their friends. She enjoys a day of browsing the many shops and stalls on the grounds along with Akiho, who's never seen a Japanese shrine before.

Sakura has been invited to Tomoyo's house, along with Meiling and Akiho. Tomoyo says there's something she wants to show them and leads everyone to her home theater, where she plays the video of a play they were all part of in elementary school.

Sakura manages to capture the card that showed up at Tomoyo's house, but her relief is short-lived. As they're returning home, Sakura and Meiling are suddenly attacked by a mysterious girl in the road!

Sakura is finally about to go and read to children with Yukito, and she invites Akiho, Syaoran, and Tomoyo to come along. Sakura's enthusiasm convinces Akiho to join her for the reading, while Syaoran agrees to contribute a piano accompaniment.

Syaoran meets Kaito through a chance encounter on the way home from school. He informs Eriol, whom he's beem secretly keeping in touch with, and they both begin to suspect Kaito is a very powerful magician.

Sakura is overjoyed to see Syaoran's cousin, Meiling, make an unannounced visit from Hong Kong. Meiling asks to stay at Sakura's house, so they head straight there. Meanwhile, the power Toya lost by giving it to Yukito is gradually starting to return.

Today is the cooking lesson in home ec class that everyone's been looking forward to. Sakura's morning is thrown into a panic when she forgets her apron, but she and her friends are excited to make roll cakes in class.

Sakura has seen the mysterious robed person in her dreams many times. It turns out Akiho has been having the same dreams herself, and she's grown worried over their unsettling contents.

It's the day of the ball-sports tournament everyone's been looking forward to. The athletic Sakura makes a strong g showing in the basketball event!

Sakura is spending her Sunday morning making rolled omelets for the homemade lunches she's taking for her outing with Syaoran.

Sakura invites Syaoran out for the day with tickets given to her by her father. She's worked hard on the rolled omelets for their lunch, and now they make their way to the aquarium Sakura visited when she captured the Clow Card, Watery.

Akiho pays a visit to Sakura's house one evening while her father and brother are both away. They look at Sakura's elementary school pictures and have dinner together, but then Akiho suddenly falls asleep.

When Sakura senses a card late at night, she heads to Tsukimine Shrine with Kero-chan, Tomoyo, and Syaoran.

Cerberus and Yue meet with Eriol via magic to discuss Sakura's new cards. Eriol has found out that Kaito took something from the magic association he once belonged to, but at that moment, Kaito's magic severs the trio's communication link.

Sakura practices in the kitchen with her father for an upcoming home-economics class, as Sakura is worried about how she will do. Sakura's classmates decide which cakes they will bake. The following day, everyone begins making their various cakes, but after leaving them to bake over lunch, they come back to find them to be far too sweet. The next day, everyone starts over and make sure they measure the ingredients correctly. Sakura and Syaoran sense a Clow Card, and afterwards everyone except them exits the classroom. They discover it to be the Sweet card, which flies around the room turning everything into sweets and confections. Sakura captures the card after throwing salt on it to temporarily immobilize it, which causes the room to revert back to normal. After everyone comes back, and the cakes have turned out great, except for Meilin's, who made hers too hard.

Tomoyo meets Cerberus after she discovers Sakura's secret and gets a full explanation of the lost Clow Cards and Sakura's designation as Cardcaptor. Cerberus gets given the nickname "Kero-chan" that will stick for the rest of the series. The next day, the students find the school's desks and equipment in large piles. Kero believes it was the work of the card and forces Sakura to go to school at night where she confronts The Shadow. Using the Windy card's binding ability, Sakura is able to capture the Shadow card. Sakura finally accepts her role as a Cardcaptor because of Tomoyo's support.

On the way to school, Sakura meets Maki Matsumoto who is opening a stuffed doll shop called Twin Bells. Sakura and her friends visit the shop after school to find most of the merchandise unpacked, so they offer to help. Chiharu Mihara, who has a fondness for stuffed animals, buys a stuffed panda, but it disappears shortly after taking it home. Sakura discovers the panda back in Twin Bells and Maki explain the reason for opening the shop and her business has been plagued by mysterious happenings that almost forced her to close down. While Tomoyo distracts Maki in the back, Sakura and Kero search the shop to find The Jump, which escapes with all the stuffed dolls in the shop. At Penguin Park, The Jump grows into a giant by absorbing the stuffed dolls, but it knocks itself out after it trips and falls allowing Sakura to capture it.

While reading Alice in Wonderland, Sakura is sucked into the book's fantasy due to another of Eriol's enchantments, this time on a leaf he gave Sakura to use as a bookmark. There she meets the story's characters who have taken on the forms of her friends and family: Eriol is the Cheshire Cat, Yukito is the White Rabbit, Toya is the Mad Hatter, Syaoran is Tweedle-Dum and Tweedle-Dee, Tomoyo is Humpty Dumpty, and Kero is the Red Queen.