The LCDOUT character stuff place at the beginning of your code, in the variable area.
Code:
LCDOUT $FE,$40,$06,$0f,$0f,$0f,$0f,$0f,$0f,$00 'This is the first character #0
'The first place in the RAM is $40
'The next character would start with $48
VARS
DEFINES
...
Then in your loop
Code:
MAIN:
PAUSE 500
LCDOUT $FE,1,0 'First character
LCDOUT $FE,1,1 'Second character if you have one
GOTO MAIN