Hi,
Yes. It does.
1.You can config where the script file will be placed on your disk and start recording at the menu "Preference" > WLST Script Recording
2.You can get script that generated from step1 by using belowed command
${ServerHome}/common/bin/w
slt.sh script_generated.py
Here is some reference of WLST.
http://download.oracle.com/docs/cd/E13222_01/wls/docs100/config_scripting/reference.htmlSompol.