Try with this:

Code:
@   __CONFIG    _CONFIG1L, _PLLDIV_5_1L & _CPUDIV_OSC1_PLL2_1L & _USBDIV_2_1L
@   __CONFIG    _CONFIG1H, _FOSC_HSPLL_HS_1H & _FCMEN_OFF_1H & _IESO_OFF_1H
@   __CONFIG    _CONFIG2L, _PWRT_OFF_2L & _BOR_ON_2L & _BORV_1_2L & _VREGEN_ON_2L
@   __CONFIG    _CONFIG2H, _WDT_OFF_2H
@   __CONFIG    _CONFIG3H, _CCP2MX_OFF_3H & _PBADEN_OFF_3H & _LPT1OSC_OFF_3H & _MCLRE_ON_3H
@   __CONFIG    _CONFIG4L, _STVREN_ON_4L & _LVP_OFF_4L & _ICPRT_OFF_4L & _XINST_OFF_4L & _DEBUG_OFF_4L

DEFINE OSC 48

TRISA = %00000000
TRISB = %00000000
TRISC = %00000000
TRISD = %00000000
TRISE = %00000000

ADCON1 = %00001111

Led VAR PORTC.2

LoopThis:
  TOGGLE Led
  PAUSE 500
  GOTO LoopThis

END
The led should blink real close to 1 second intervals.

Robert