0) Two Rivers kids are the hobbits
1) Escape from the shire
2) Moiraine == Gandalf
3) Lan == Aragorn (king without a kingdom)
4) Padan Fain == Golum (stalking around, a compulsion he doesn't want, gandalf has sympathy for)
5) Ogeres == Ents (slow to do things, nature lovers)
6) Fades == Nazaguuls
7) Shadar Logoth/The way == Moria (bridges, lurking evil)

The Blight == Mordor
9) Fal Dara == Gondor, with the Seven Towers being Osgiliath
10) Cursed dagger == Frodo getting stabbed + ring madness
11) Then the whole structure is a travellog to get to mount doom