The first of 14 Olsen Gang films presents us with Egon Olsen, head of the gang, and his friends Benny and Kjeld, who want to become the best known gang in Denmark and eventually Europe by stealing a famous Bavarian work of art currently displayed in a Copenhagen museum. Although Egon's plan works out fine, there is only trouble ahead for the little gang.
Egon and the gang are hired to stage a robbery of an antique Chinese vase for an economically challenged baron. Naturally they fooled, which infuriates Egon. The gang tries to get back at the baron by switching the vase with a cheap Hong Kong copy. One attempt is made during the barons hunting party, where Egon ends up being bricked up in the catacombs. In another attempt, the gang has to coordinate breaking through several walls at The Royal Theater in Copenhagen with the "Elverhøj" overture.
Some criminal EU ministers plan to turn Denmark into a gigantic fair ground and holiday paradise. Egon gets his hand at some important documents which could both make him rich and take care of Denmark's future.
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The successful entrepreneur Lars Halbo returns to Denmark when he inherits the family firm, but when he refuses to cooperate in illegal cartel pricing, his little company comes under heavy pressure.
