Well, you are partially right.
The words of administration used in the Edwardian (1552) Book of Common Prayer were the subjective portion: "Take and eat this in remembrance that Christ died for thee, and feed on him in they heart by faith with thanksgiving." 1
1 See Liturgy for Living, Charles Price and Louis Weil, The Seabury Press/New York 1979 p85
BCP-102.htm:Rev 8/14/2002