Yes, you have to set NOTIFY= YES.
 
On Tue, 3 Oct 1995 16:06:48 -0400 Dave Lampson said:
>It seems as though I remember seeing somewhere that there was an option
>that allowed a listowner to be notified whenever anyone left a list.
>I've looked through the listowner's manual, and either I've just missed
>it, it's called something else, or it's not there.  Is there any way to
>get LISTSERV to notify the listowner when people unsubscribe?
>
>Dave
>http://www.classical.net/music