purāṇa-saṁhitām - essential summary of all the Purāṇas; etām - this; aśrauṣma - have heard; bhavataḥ - from you; vayam - we; yasyām - in which; khalu - indeed; uttamaḥ-ślokaḥ - who is always described in choice poetry; bhagavān - the Personality of Godhead; anuvarṇyate - is fittingly described.

I have heard from you this Śrīmad-Bhāgavatam, which is the perfect summary of all the Purāṇas and which perfectly describes the Supreme Lord, Uttamaḥśloka.