Indeed there is, depending on which version of PTPA you have.

You can't do this from the CD though, although you can play the CD through PTPA.

First rip the track to your hard drive.

Next import the track into PTPA

Now play it once and you will get the lyrics automatically

Do it again with the record button on and you will get the lyrics and record to a .seq file. Bear in mind that if you try to do it again with the .seq file, you won't see the lyrics again - the music file and the lyrics file must have the same names. However, so long as you keep PTPA open, you can record as many takes as you like on different tracks

I've done this many times

Follow That Dream

Sam
Karaoke King

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Turning that corner again - I have to keep following that dream, no matter what