When Walter arrives in Matt's office to show him the sketches, Matt tells Walter that he and Liz had an argument the night before. Walter hears the story and tells Matt not to surprise Liz in the future about anything; they like to be in on the loop. Dan tells Walter about the home in Queens Point. Walter shows Buckley the new sketches and idea. Buckley likes them, but not for the new campaign. Buckley says they are interested in a new model, Carol West. Buckley however will show the sketches at the next meeting with Empire Textiles. Liz shows up in Matt's office and they patch up their differences from the night before. Matt plans on taking Liz to see the home that afternoon. Dan meets Walter for lunch and Walter says he is not sure the new sketches will get approved and that will destroy Ann. Matt shows Liz the home and she loves it. Matt says that if they get it they will have to move up the wedding date because the owner wants to sell it now.

At breakfast Ann reminds Walter that today is the day they find out if Empire Textiles approves the new sketches. Walter is very optimistic that it will be a go; Ann not so much. Buckley informs Walter that the sketches are great and that they will use the...someday. Buckley tells Walter that Empire Textiles wants to continue with him and a new model. Ann goes over to Susan's to give her a manicure. Susan talks about possibly being pregnant and Ann talks about Empire Textiles. Matt meets Walter for lunch and Walter tells him about the sketches and Ann not being chosen as the model for Empire. Once Walter gets home he cannot bring himself to tell Ann the truth, so he says Buckley is still thinking about his decision.

Dan's Aunt Alex stops by to visit with Susan and notices how bad Susan looks, Ann and Walter meet up at the Houndstooth for lunch and discuss Ann visiting her mother and Jill. Ann runs into Paul and she apologizes for being drunk the night before at the wedding. Ann uses Susan as a sounding board after her modeling interview was a farce. Walter shows Buckley (now played by Ted Knight) the designs and Buckley is thrilled. Walter tells Buckley they would have been better had Ann been the model. Buckley informs Walter that Empire will never be using Ann again. Time change. Walter is furious and leaves before things get ugly.

Irene stops in to see Phil Buckley and asks why a competitor of Halstead's has sketches that are supposed to be for her. Buckley advises Irene that Jansen is interested in who did the sketches and that is all. At that point Walter stops in to see Buckley. After Irene leaves Walter tells Buckley that Carol made a play for him. Buckley says that Walter should be able to take care of himself. Buckley calls Matt in and explains the merger. Buckley also offers Matt a job, unfortunately it is a demotion and being on the road a lot. Matt is not happy.