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King Henry VIII, the young and ambitious monarch of England, prepares for war with France but is dissuaded by the diplomatic manipulation of his powerful Lord Chancellor, Cardinal Wolsey, who proposes that the King sponsor a "Treaty of Universal Peace." The harmony of the King's domestic affairs is threatened, however, when he discovers that Elizabeth Blount, the young and beautiful lady-in-waiting to his Queen, Katherine of Aragon, is pregnant with his child.