Two Outlaws was apparently a follow-up to the low-budget but high-grossing western Guardians of the West. Once again, human cowboy hero Jack Perrin is teamed with Rex, King of Wild Horses, an ornery critter but a magnificent animal. The titular outlaws are Rex, a rogue stallion with a price on his head, and Perrin, a lawman posing as a bandit. Taking time out to rescue heroine Kathleen Collins from a wild horse stampede, Perrin follows the girl home, where he discovers that her guardian is the head of the criminal gang he's been assigned to round up. And, with the help of Rex (not to mention his own horse Starlight), Perrin manages to corral the crooks and win the girl in the final footage.
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