 Texas Ranger Larry Graham (Kermit Maynard) is assigned by his commanding officer, Texas Ranger Captain Saunders (Bruce Mitchell), to uncover the whereabouts of $200,000 in missing bonds. Ace Beldon (Maston Williams)has been convicted of the robbery, so Graham is sent to prison as a convict in the hopes he can gain Beldon s confidence. Aided by Texas Ranger Tim Raymond (Jack Ingram),Graham and Beldon make an escape, and Beldon takes Graham to the rach of Dave Stone (Karl Hackett), who, with his henchmen Sam (Sherry Tansey), Bart (Cliff Parkinson) and Karl (Cherokee Alcorn), were parties to the crime. The crooks learn that Graham and Raymond are Texas Rangers, and the success of the undercover operation is in peril.