The last two decades have seen fascinating attempts to establish new narratologies, basing narratology on cognitive science or coupling it with other approaches such as postcolonial studies. While appreciating that these attempts have raised questions beyond the limits of structuralist narratology, critics have noted that by doing so they tend to abandon narratology’s strength, that is its analytical tools. In many cases, narratology has become a label that is as empty as it is fashionable. The project as outlined here, on the other hand, develops a new approach that combines the analytical arsenal of structuralist narratology with a phenomenological take on time in order to provide new answers as to the question of narrative’s function. By exploring the tension between experience and teleology in ancient literature, it sets out to demonstrate how narrative serves as a mode of coming to grips with time. Besides offering a new narratology that cross-fertilizes the strengths of different disciplines and pioneering a new approach to ancient literature, the project will steer the current debate on experience and presence into a new direction across disciplines in the humanities.