A classical renormalized theory of a time-dependent pair-distribution function (TDPDF), previously introduced by Oppenheim and Bloom, is presented. An equation of motion for the TDPDF is derived in which the memory function of the system appears. This is then split into a part which contains only static correlation functions and a part which describes the dynamics. The mean field approximation is discussed in some detail and contact is made witn the theory of Oppenheim and Bloom.