> a chip of D3 LEDs
What do you mean by "D3 LED"? I doubt if it can be these guys as they don't make anything with less than hundreds or thousands of LEDs on them.
D3 - Dynamic Digital Displays
> Explain as to me to exercise control of LEDs..
I did that already. What part of "*address = data;" don't you understand?
Maybe you've used old chips with I/O instructions before and don't understand the concept of "memory mapped I/O". You should read the following, and if that doesn't explain how to do this, say what else you need to know:
http://en.wikipedia.org/wiki/Memory_mapped_IO
I have four comments on your circuit, which won't work at all as drawn.
1 - You have all the LEDs in backwards, or you need to connect the LED common to ground.
2 - You should connect the MR of the 74LVC273 to Reset and ground the LED common so they all go OFF on reset. If you want them all ON at reset (can't see why) then reverse them and connect common to 3V3. Common ground also has writing a "1" turn them on which is slightly simpler than writing "0" for on.
3 - The 74HC32D is redundant. The Chip Select signal trailing edge defines the timing and not the R/W signal. So if you only write to the port you don't need the R/W qualification.
4 - The MCF5235 has about 80 GPIO pins good for 5mA. The ones not used for other functions are available to drive LEDs and so on. That's usually enough to drive LEDs unless you need more then 5mA or have an EMC requirement requiring isolation from electrically noisy CPU pins.
Tom