We describe the dynamics of phase separation and transition processes, in binary mesomorphic mixtures with the help of a system of two coupled partial derivative equations. We emphasize, both analytically and numerically, that, depending on the regions of the phase diagram, the dynamical behaviour may result either from a two step process (first the phase transition, then the phase separation) or from a process showing salient features of the Cahn-Hilliard spinodal decomposition (bicontinuous periodic networks in the transient stages). The dynamics of evolution of the domain patterns are illustrated with the help of numerical simulations in which homeotropic and planar anchorages are visualized.