EXCLUSIVE: American Horror Story‘s Evan Peters and Not Fade Away‘s Bella Heathcote are set to star in The Preppie Connection, the next film by The War Within helmer Joe Castelo. Based on a true story, The Preppie Connection chronicles the exploits of a group of Choate private school students who ran a drug distribution operation in the early 1980s. The story centers on Toby, the lower-class scholarship student, who uses his street cred and access to drugs to make friends with the popular kids, eventually allowing him to cultivate a drug trafficking network. Toby gets in far over his head as he leads his friends into the dangerous world of Colombian drug cartels.

Castelo’s first feature, The War Within, was nominated for screenplay by the Independent Spirit Awards. Electric City Entertainment partners and Sundance fixtures Jamie Patricof and Lynette Howell are producing, with shooting to begin this summer in New York City.

Heathcote is repped at WME and Medavoy Management while Peters is repped at CAA and Luber Roklin. ICM Partners reps the director and is packaging the picture.