In the classic "Babette's Feast," a mysterious Frenchwoman prepares a sumptuousfeast for a gathering of religious ascetics and, in doing so, introduces them to the true essence of grace. In "The Immortal Story," a miserly old tea-trader living in Canton wishes for power and finds redemption as he turns an oft-told sailors' tale into reality for a young man and woman. And in the magnificent novella Ehrengard, Dinesen tells of the powerful yet restrained rapport between a noble Wagnerian beauty and a rakish artist. Hauntingly evoked and sensuously realized, the five stories read and novella collected here have the hold of "fairy stories read in childhood . . . of dreams . . . and of our life as dreams" (The New York Times).