A $5,000 reward is put out for the capture of a notorious wolf. Two of the wanted posters are put on the trees where the Fox and the Crow live. When they see the posters, each thinks the other is the wanted one, and they try to capture each other for the reward money. After many attempts, they end up at a police station where their mistake is pointed out to them. They then punish themselves profusely for making the error. Re-released theatrically in 1956.