本片根据英国作家狄更斯1838年的名著《雾都孤儿》改编。 孤儿奥利弗(巴尼•克拉克 Barney Clark 饰)由教会抚养长大,9岁时被送去童工厂拣填絮,后被卖给棺材铺当学徒,屡受欺侮。奥利弗从棺材铺逃跑,步行七十英里到达伦敦,遇见小偷“机灵鬼”(哈利•伊登 Harry Eden 饰),并被收入犹太老头费金(本•金斯利 Ben Kinsley 饰)的盗窃团伙。奥利弗第一次出徒便被诬陷偷窃布朗罗先生(爱德华•哈德威克 Edward Hardwicke饰)的丝帕,并被打昏在地。被好心的布朗罗先生带回家收养,却在替布朗罗先生跑差途中被费金的同僚比尔(杰米•福尔曼 Jamie Foreman饰)抓获。比尔逼迫奥利弗协助他与同伙托比(马克•斯特朗 Mark Strong 饰)入夜行窃布朗罗先生家。小奥利弗不从,眼看命在旦夕……In the Nineteenth Century, orphan Oliver Twist is sent from the orphanage to a workhouse, where the children are mistreated and barely fed. He moves to the house of an undertaker, but after an unfair severe spank, he starts a seven day runaway to London. He arrives exhausted and starving, and is soon welcomed in a gang of pickpockets lead by the old crook Fagin. When he is mistakenly taken as a thief, the wealthy victim Mr. Brownlow brings Oliver to his home and shelters him. But Fagin and the dangerous Bill Sykes decide to kidnap Oliver to burglarize Mr. Brownlow's fancy house.