This essay investigates the transitional character of the Livonian Rhymed Chronicle (German: Livländische Reimchronik), a Middle High German verse history composed around 1290, which describes the conquest of the eastern Baltic lands by German crusaders and military-religious orders during the thirteenth century. Although it was first composed as a written text, the chronicle shows numerous features characteristic of oral-formulaic poetry: stock epithets, fixed nominal pairs, repeated discourse markers, and syntactic formulas used to introduce persons and places. The analysis is followed by an investigation of the probable audience and performance situation of the work. It is argued that the highly formulaic features of the work were designed to aid comprehension by listeners who were not necessarily familiar with the language variety in which the chronicle was composed.