'Princesa' is the story of Fernanda, a 19-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 to raise money for a sex-change operation. On the streets she is transformed into Princesa - a stylish and alluring figure who makes a lot of money and many friends among the prostitutes and clients.