Ok, I worked it out. The main problem is I needed to use:

Code:
DEFINE I2C_HOLD 1
And then the following code works:

Code:
init:

i2cwrite i2c_clock_pin,i2c_data_pin,$A4,$F0,[$55]
pause 1
i2cwrite i2c_clock_pin,i2c_data_pin,$A4,$FB,[$00]
pause 1

main:

i2cwrite i2c_clock_pin,i2c_data_pin,$A4,[$00]
pause 1
i2cread i2c_clock_pin,i2c_data_pin,$A4,[STR datain/6]