The game is a dungeon crawl, with focus on hack and slash combat and exploration of large dungeons. Story progression and interaction with other characters is a minimal part of the game, although there is some interaction with NPCs and other in-game characters.

The story is set in the city of New Phlan. A dracolich and his sorceress queen have seized control of the Mythal, the ancient magic that once protected the long abandoned elven city of Myth Drannor. Once the elven ruin is completely in their thrall, the cult intends to expand its domination one city—and one soul—at a time.

Four heroes are sent to Myth Drannor by Elminster to stop the dracolich and the sorcerer queen from using the power of the Mythal to conquer Faerûn. They must travel to all areas of Myth Drannor, from the dungeons below the city, to the city itself, the catacombs beneath the city, et al., in an attempt to stop evil from taking over the region.