The 17-year-old (vampire) Demi Chevalier is angry, fed-up and socially indifferent, yet she has accepted that Elizabeth Rose Convent will be her home for the next two years. She anticipates many hindrances, but does not expect her curiosity to be so deeply ignited by what she is told of the Convent's infamous legend of Dollaretta.
According to the legend, those who speak of Dollaretta will find themselves fated to peril, and incidentally, the first student to tell Demi about the legend, finds herself in a grave situation. Demi refuses to acknowledge the strange coincidence, although there is a part of her that begins to feel a deep-rooted sense of paranoia. For the next few weeks Demi experiences vivid nightmares about the legend then as if to test her better judgement, she is confronted by a student who is convinced that the legend is real. Despite the eerie and suggestive nature of Demi's nightmares, she tries to tell herself that paranoia is to be expected under the given circumstances.
The girls in the dormitory (Kea, June, Lorain and Angelica) begin to notice Demi's strange fascination with the dead student, but they're unaware that Demi is convinced that the murderous and mythical vampiress (Dollaretta) is very much real and haunting the convent.