The LOW operator is LOW.
LOW Byte: LOW(<operand>)
This operator returns the low byte of the address of a memory location.
Assume data1 is a word located at address $1050 in the memory.
LDA #LOW(data1)
This instruction will load the immediate value of the lower byte of the address of data1 ( $50) in register A.
LDA LOW(data1)
This instruction will load the direct value at memory location of the lower byte of the address of data1 (i.e., the value in memory location $50) in register A.