The big, wealthy oil tycoon Blake Carrington and his former secretary, Krystle Grant Jennings are getting married. Krystle's ex-boyfriend, Matthew Blaisdel, who's been working as a geologist on one of Blake's oil rigs in the Mideast for a year and a half

Matthew gets a little visit from an old acquaintance, Walter Lankershim. Walter asks for money, because he's in trouble. He's lent money from Blake to drill for oil, but he haven't made any strikes. Matthew refuses to give him any money. Matthew goes to visit his present wife, Claudia, who's been in a mental institution for 18 months, but he learns that she's much better, and she's been released. Matthew, Claudia and their daughter, Lindsay, decides to start over again as a family. Blake and Krystle get to talk about their disagreements, and starts planning a big wedding. There's an accident on Walter's oil rig and he finds out that somebody has been sabotaging. He's convinced that Carrington has something to do with this.

Blake and Krystle have to break off their honeymoon, because Blake's in a bit of a crisis at work, and he has to go home to do business. Walter gets in trouble with the workers on his rig, but he gets it all straightened out, and both Matthew and Steven get a job there. Blake doesn't like this. Krystle has problems getting along as a wealthy woman, with all the servants and the money. Matthew and Claudia fight alot, they both think it's difficult to start this new life. Cecil and Fallon have negotiations of their own. Cecil is going to help Blake out of his problems, if Fallon marries Jeff.

Blake apologizes to Walter and Matthew about their fight at the wedding and asks Matthew to come back to his old job. He also invites them to a dinner party at the mansion. During the dinner, many things happen; Steven and Claudia meet and get along really well, Matthew has a long talk with Krystle and tells her that he's still in love with her, and Cecil and Fallon start realizing their plans. Cecil offers to help Blake and Fallon starts hitting on Jeff.

Cecil helps Blake with his money problems. Jeff and Fallon get married. Blake's driver, Michael Culhane, who's been sleeping with Fallon, is a bit jealous, because she won't take him anymore. Blake hires him to do undercover work for Denver-Carrington, and he starts flirting with Cecil's secretary. Blake warns him about being unloyal. Steven gets a visit from his gay friend, Ted Dinard, from New York.

Michael still tries to win back Fallon and tells Blake about Cecil and Fallon's agreement. Blake and Fallon argues about this. Steven is taunted on the job for being gay. Lindsay has a boy over to study, he tries to put the moves on her and she gets upset and runs off. Blake wants to have a child with Krystle. Matthew invites Steven to a dinner party at his house. In the end Steven and Claudia secretly start kissing.

Walter takes Steven to a bordello to try to ""straighten him out"". Something goes wrong at Matthew and Walter's rig, Steven is blamed for sabotaging, and though he's innocent, he looses his job. Blake's plan now is to take Walter and Matthew's rig when they're in trouble. Krystle doesn't like Blake's methods in his work. She pawns an emerald necklace and loans Matthew the money to help him. She makes a false copy so Blake won't understand it's gone. In the end, Matthew and Krystle kiss, but Krystle breaks it off and leaves.

Matthew finds the guy who really sabotaged the rig. Steven is offered his job back, but turns it down. Claudia learns about Matthew's relationship with Krystle. Lindsay is upset, thinking that her parents HAD to get married just because of her when she was born. Steven's boyfriend Ted tries to contact him, but Fallon does everything she can to stop it and keep them apart. Blake finds out that Krystle is on birth control pills and assumes she's not interested in having a baby. He gets both mad and drunk and forces Krystle to a rough sexual intercourse.

Blake apologizes to Krystle about his behavior, and she forgives him. Michael has found out about Krystle's pawning and tells it to Fallon. Matthew and Walter finally strike oil. Claudia goes out with a guy she meets and almost has an affair with him. She manages to pull out, but later she has an affair with Steven. Lindsay starts finding out about it.

Jeff comes home after being in the Middle East, but he and Fallon have lots of arguments. Steven decides to get some more education and to start working for Blake, and he moves to his own apartment. Blake finds out about Michael's relationship with Fallon and hires some people to beat him up. Lindsay finds out everything about her mother's affair, which is still going on.

Blake learns about Krystle's ""pawning"". He doesn't tell her, but he starts frightening her with hints. Jeff now knows that his marriage to Fallon is only a part of a deal, and he does everything to embarrass his wife. Especially during a birthday party Blake throws for Cecil, when he yells out to everybody what he thinks of them. Ted still tries to get into Steven's life again. Matthew manages to pay the money back to Krystle, and she wants to buy her necklace back, but the pawner has already sold it.

The butler, Joseph Aynders, shows Krystle that he doesn't like her, and he means she doesn't belong in the Carrington family. Krystle understands that Blake is the one who bought the necklace, to show her that he had found out. They have a little argument about this, and Krystle decides that life with Blake is impossible and leaves him. Steven tells Claudia he spent the night with Ted, but now he wants to quit his relationship with both of them. Steven and Ted are just saying good-bye and hugging each other when Blake discovers it. He gets furious, because ""the gay"" is now standing there in his house with his arms on his son. He attacks Ted and there's a fight. Ted trips, hits his head, and dies.

Blake is arrested for the murder of Ted, and a big trial comes up. The prosecutor is Jake Dunham, an old friend of Claudia and Matthew, who does not like Blake. Krystle hears about the trial and decides to come back to Blake to be with him, and then solve their problems later. Fallon is afraid and to help her father, and she lies in court. Steven tells the truth about what really happened, though.

Blake's trial continues. Both Joseph, Claudia and Krystle have to testify. When Claudia testifies, she has to tell that she had an affair with Steven, and then Matthew finds out about it. He makes rebellion in the court room, attacks Blake and has to go to jail. Claudia packs her stuff, runs away, and takes Lindsay with her. On the way, they collide and get serious injuries. In the final scene, Jake Dunham calls in a new witness, and in walks a mysterious woman. It turns out to be Alexis Morrell Carrington - Blake's first wife.

Still held captive by the deranged Matthew Blaisdel, Blake and his family wait helplessly as Blaisdel's obsession for Krystle grows dangerously stronger. Witnessing Alexis' car plunge into the river, a handsome and mysterious stranger rescues her from the rushing current. Unaware of the tragedies that face their family, Adam and Dana are on their private jet, en route to their honeymoon paradise. Alone in her bedroom, Blaisdel takes Krystle and reminds her of their past love .for each other, promising things will be that way once again. Fallon's car is found abandoned in the desert. Receiving word of his wife's disappearance, Jeff rushes to the scene. Searching several miles from the car, Jeff finds her unconscious by the side of the road. Allowed to leave the mansion to secure a fortune in cash for Blaisdel's trip back to Peru, Blake overpowers his guard and goes for help. Determined to thank her mysterious rescuer, Alexis finds the man she feels indebted to, but is dismayed by his ca

Dex is rushed to the hospital while a search party scrambles to locate the missing Carringtons, who are being held captive in a bunkhouse. Fear of the deranged Matthew forces Krystle to pretend that she still has feelings for him. Fallon's extraterrestrial experience in the desert confounds Jeff. Adam's plans to have a child surprise Dana on their honeymoon. Steven stabs Matthew in self-defense and the family's ordeal is over.

The incident in the bunkhouse leaves Steven emotionally scarred. The police urge him to seek psychiatric help to deal with the trauma. Jeff and Fallon's unexpected homecoming helps everyone to put the tragedy behind them. Adam is suspicious when Dana keeps changing the subject when it comes to having children. Alexis hires Morgan Hess to find the man who rescued her. Fallon confesses her experience to Jeff, but he doesn't know how to handle it. Blake emerges as a candidate in Colorado's gubernatorial race.

Blake asks Steven to be his campaign manager. He is deeply disappointed when Steven declines his offer, expressing no interest in exposing his private life to public scrutiny. Attributing Jeff and Fallon's intimacy with Blake to their giving him grandchildren, Adam continues to pressure Dana into starting a family. Alone, following Alexis' surprise catered dinner, Sean Rowan carefully studies an old news clip of Blake's custody trial for Steven's son, Danny. Alexis is hounded by a reporter, Rebecca Payne, from an unscrupulous tabloid. Rebecca is seeking a comment on Alexis' recent decline in support for her gubernatorial candidacy. Sammy Jo is saddened by the realization that her and Steven's relationship will never have the closeness she has longed for. Taking up Alexis offer of a place to stay, Sean Rowan shows up at her Carlton hotel suite. Giving in to lust, they are drawn together in heated passion. Jeff is surprised by Blake's request to have him as his campaign manager. Intrigue

Intrigued by Sean's mysterious interludes during the day, Alexis hires a private investigator, Mr. Hess, to follow her enigmatic lover. But when he catches Hess spying on him, Sean returns to Alexis, informing her of his decision to leave Denver. Pleading with him to stay, Alexis offers him a job. Tortured by a secret from her past explaining her inability to bear children, Dana struggles about whether to tell Adam, and risk losing his love. Jeff accepts Blake's request to be his campaign manager, after learning Fallon has sent for L.B. Detained at Blake's fundraiser, Jeff cancels his and Fallon's reconciliation dinner further weakening their fragile marriage. Alexis commits Colbyco to fight Blake's proposal of saving valuable timberland as a national park, depriving her of a resource for her newspaper. Accepting Alexis' job offer, Sean asserts Adam's involvement is a conflict of interest, persuading her to let him take over control of the matter. Steven asks Blake to sell him the Denv

Stunned by the morning paper's praise for Blake's stand on conservation, Alexis takes Sean's advice, pointing out another slant to the story. Using Blake's campaign pledge of saving the acres as depriving the state of badly needed jobs, Alexis sets out to undermine his public opinion. Researching the possibility of a surrogate mother, Dana sets up a meeting for her and Adam with a prospective candidate, Karen Atkinson. All of Adam's doubts to using a surrogate vanish when he sees her. A beautiful, single mother of two gorgeous children, Dana becomes jealous of Adam's obvious interest in her. Seeking more from life than what working for Dex has to offer, Leslie accepts Alexis' job proposition. Sensing the hostility between Jeff and Fallon, Blake invites them to dinner. Sharing a terse glance, they decline his offer. Jeff retreats to the study to work on countering Alexis' viperous editorial against Blake. Working late, he gives in to Leslie's playful persuasion, accompanying her to dinn

Distraught over Blake's meteoric rise in pre-election popularity, Alexis gives in to Sean's persuasions, and he flies her off to a remote cabin on the Pacific coast of Mexico. Entranced by his romanticism, Alexis accepts his impromptu offer of marriage. They have the ceremony in the local fishing village. Sammy Jo tries to put Josh Harris out of her thoughts, determined to give whatever is left between her and Steven a chance. Reacting to Steven's indifference and preoccupation with business, Sammy Jo gives over to Josh's passionate advances. Blake meets with Arthur Whitcomb, hoping to persuade him against selling the timberland leases to Alexis. Blake tells Whitcomb to do what he truly feels will be best for Colorado. Whitcomb has a change of heart and gives Blake the leases. Attending a support group for those who have encountered space aliens, Jeff finds the discussion too unbelievable and leaves without Fallon. Leslie offers Jeff a good luck kiss before the primary elections, as Fa

Forced to divest interests in Denver-Carrington to avoid conflict with his political career, Blake struggles to decide who in the family will assume power. Upset that Jeff told Blake of her alien encounter, Fallon bitterly rejects Jeff's request to accompany him to New York. Taking advantage of Jeff's vulnerability, Leslie shows up on board the Carrington jet. She flies with him to New York under the pretext of doing business for Alexis. Taking Dex's advice to call Jeff in an effort to save their marriage, Fallon is devastated when Leslie answers the phone. Blake walks in on Steven as he is reprimanding Josh Harris for his declining performance on the field. Impressed, Blake makes note of Steven's decisiveness in handling the situation. Sammy Jo is confused by her lingering feelings for Steven and her yearning feelings for Josh. Showing up at Josh's apartment, she is torn whether to stay the night. Soon after Sammy Jo leaves, Skip Maitland, the original quarterback for the Monarchs, sh

Prodded on by Alexis' incessant questioning, Dana reluctantly explains the reason for her infertility was due to a botched abortion many years before. Suspecting Dana is manipulating Adam to selfishly benefit her own future, Alexis schemes to prevent Dana from legally becoming the mother of Adam's surrogate child. Seeking to undermine Steven's position of power at Denver-Carrington, Adam anonymously informs the press of Skip Maitland's arrest for dealing drugs to players on Steven's football team. This sets off a scandal linked to Blake's campaign. Returning from New York guilt stricken by his weekend affair with Leslie, Jeff hopes to work out his problems with Fallon. But when Fallon walks in on Leslie and Jeff innocently finishing business matters, she is convinced their marriage is over. Concerned by his poor playing performance, Steven requests Josh Harris have a physical. Fearing his drug use will be detected Josh quits the team. After Alexis informs Sean of Dana's ill-fated abort

As Alexis' grand fair draws near, Sean assures her that all is going according to plan. Left alone with Dana while Adam and Alexis dance, Sean threatens to blackmail Dana with the truth about her abortion if she does not gather secret information on the Carringtons. After misinterpreting Sammy Jo's plea for him to not quit the team as meaning something more, Josh asks her to marry him. Devastated by her rejection, Josh reverts to his alcohol and drug addiction. While preparing to attend Alexis' Olde English Fair, Fallon informs Jeff of her decision to file for a divorce now, rather than wait for Blake's campaign to finish. Stunned by her sudden desire to end their marriage, Jeff storms from the room. Passing Leslie on his way out, a vulnerable Jeff is tempted by her offer to stop by her suite at the Carlton. Participating in the merriment of the Olde English Fair, Alexis and Krystle are chosen for a tug-of-war contest. Strung out between a pool of slosh, Alexis and Krystle pull ferocio

Krystle asks Cora Van Husen to relinquish information on the scandalous video of Blake in her brothel. Though reluctant at first, Cora hands a copy of the tape over. Calling a press conference to prove the tap had been tampered with, Blake is finally vindicated. A seething Alexis vows to never give up her campaign against him. Dex accepts Fallon's request to check out a questionable oil deal in West Africa before she approves committing Denver- Carrington to a contract. Discovering the man in charge of the operation, Harry Thresher, is somehow tied in with Sean Rowan, Dex decides to stick around to find answers to the unraveling mystery. Jeff's pleas to work their problems out have no affect on Fallon. Finally admitting their relationship has fallen apart, Jeff agrees to see his lawyer. The realization that their marriage is lost fills Fallon with a deep sadness. Learning of Josh's cocaine addiction from Skip Maitland, Steven offers him a chance to take a drug test and get help for his