The so called ‘Prose Edda’ or ‘Snorra Edda’, usually dated to the third decade of the 13th century, contains after a short prologue two substantial sections dealing mainly with mythography and poetics and a long concluding skaldic poem. In the extant medieval manuscripts from around 1300 and the beginning of the 14th century, additional material like genealogies, grammatical treatises, etc. is included. The present paper focuses on one of the earliest of these manuscripts, codex DG 11 4to, University Library Uppsala, and analyses some central features of the specific way in which it presents different narrative layers. For the first time, this analysis combines a study of textual and visual aspects of the manuscript, and special attention is given to two of the many illustrations in this codex. Together with later scribal notes, the drawings contribute heavily to the process of framing, which is one of the main features of the ‘Prose Edda’. This process of creating potentially endless narrative and visual frames is part of the text‘s ambition to establish a distance to the traditional pagan myths and to facilitate new fictional possibilities.