Yes, there are narrations. From ELTL1:
Narrations occur every two weeks throughout both levels. Once the child is comfortable with narrating, you can include narration exercises from history and science reading as well. Each level includes ninety of Aesop’s fables that could also be used for additional narration practice if desired.
Level 1 begins with picture narrations. After the instructor reads the fable, the child is asked to draw a picture of the story and then tell his instructor about the picture. During the second half of the year, he will begin standard narrations.
The standard narrations at the end of Level 1 and throughout Level 2 start with the shortest Aesop’s fables and gradually increase in length. The procedure for doing the narrations is quite simple: After the instructor reads the fable, the child tells the story back to his instructor in his own words while the instructor writes the story down for the child. Remember that the child is learning a brand new skill and may not understand exactly what is expected of him. Prompting him with questions helps. Ask questions such as, “What happened first?†and, “Then what happened?†Help him get the details of the story in the proper order. Since the instructor is doing the writing for the child, the child has no need to worry about spelling or punctuation. At this stage, I correct nothing more than grammatical errors and, occasionally, a detail from the story.
In Level 2, part of the narration will be printed or written for the child to use as copywork for that day.
Approached this way, narrations follow a logical progression. Narrations first start with something the child is probably already doing: drawing pictures and explaining them. Next the child begins telling the story without the picture, though he may certainly draw a picture to illustrate his narration. Then, he begins copying his own words. Finally, he will begin writing the story down himself without orally narrating it first. This final stage is not covered in this book.