In bygone days there lived a little Princess named Gold-Tree, and she was one of the prettiest children in the whole world.

Although her mother was dead, she had a very happy life, for her father loved her dearly, and thought that nothing was too much trouble so long as it gave his little daughter pleasure. But by and by he married again, and then the little Princess's sorrows began.

For his new wife, whose name, curious to say, was Silver-Tree, was very beautiful, but she was also very jealous, and she made herself quite miserable for fear that, some day, she should meet someone who was better looking than she was herself.

When she found that her step-daughter was so very pretty, she took a dislike to her at once, and was always looking at her and wondering if people would think her prettier than she was. And because, in her heart of hearts, she was afraid that they would do so, she was very unkind indeed to the poor girl.

At last, one day, when Princess Gold-Tree was quite grown up, the two ladies went for a walk to a little well which lay, all surrounded by trees, in the middle of a deep glen.

Now the water in this well was so clear that everyone who looked into it saw his face reflected on the surface; and the proud Queen loved to come and peep into its depths, so that she could see her own picture mirrored in the water.

But to-day, as she was looking in, what should she see but a little trout, which was swimming quietly backwards and forwards not very far from the surface.

"Troutie, troutie, answer me this one question," said the Queen. "Am not I the most beautiful woman in the world?"

"No, indeed, you are not," replied the trout promptly, jumping out of the water, as he spoke, in order to swallow a fly.

"Who is the most beautiful woman, then?" asked the disappointed Queen, for she had expected a far different answer.