Well, just different one... Anyway, either you can add some prompts... (version 1) or you can even suppress some of original prompts by setting the CMDECHO sysvar off (version 2).
(defun C:<T-1-50-2mm1()
(command "-layer" "_m" "-I-Text_020" "_co" "2" "-I-Text_020" "_l" "continuous" "-I-Text_020" "")
(command "_.style" "simplex7-10" "simplex.shx" "10" "0.7" "0" "_n" "_n" "_n")
(command "_.mtext")
(princ "\nMtext: first point: ")
(command pause)
(princ "\nMtext: second point: ")
(command pause "")
(command "_mtedit" "l")
(command "layerp")
(command "-layer" "_co" "2" "-I-Text_020" "_l" "continuous" "-I-Text_020" "")(prin1)
) ; end of defun
(defun C:<T-1-50-2mm2( / ocmd *error*)
(defun *error* (errmsg)
(if (not (wcmatch errmsg "Function cancelled,quit / exit abort,console break"))
(princ (strcat "\nError: " errmsg)))
(setvar 'CMDECHO ocmd)
(princ))
(setq ocmd (getvar 'CMDECHO))
(setvar 'CMDECHO 0)
(command "-layer" "_m" "-I-Text_020" "_co" "2" "-I-Text_020" "_l" "continuous" "-I-Text_020" "")
(command "_.-style" "simplex7-10" "simplex.shx" "10" "0.7" "0" "_n" "_n" "_n")
(command "_.mtext")
(princ "\nMtext: first point: ")
(command pause)
(princ "\nMtext: second point: ")
(command pause "")
(command "_mtedit" "l")
(command "layerp")
(command "-layer" "_co" "2" "-I-Text_020" "_l" "continuous" "-I-Text_020" "")
(setvar 'CMDECHO ocmd)
(prin1)
) ; end of defun