It is a summer night on the steppe and two shepherds are lying on the ground as their sheep sleep. A man on a horse stops to ask them for a light for his pipe, but stays to chat. They discuss the recent death of Yefim Zhmenya, an old man who had sold his soul to the Evil One. You could tell he was evil because people walking past his garden could hear his melons whistle. The older shepherd tells another story about Yefim, whom he had seen appear as a bullock one stormy night.

One of the men observes that there are many treasures buried in the local hills. "Yes," says the old shepherd, "but no one knows where to dig for them." But then he tells them about a map to the treasure and indicates that he knows precisely where to dig. However, when the horsemen asks him what he would do with the treasure if he finds it, the old shepherd can't answer.