Downloaded the LM1492 datasheet, I agree with 'agu' the maximum high output voltage from the LM1492 is about +3.5/+4v, which will leave enough overhead to switch on the LED drive transistor.
Use the potential divide he recommends, you could also try the constant current solution. [it also requires the 4K7 divider, as shown in 'agu's drawing.
Eric
EDIT: The above LM1492 max high output was quoted for a Vs of +5V, it should be actually quoted for 1 to 2 volts lower than the Vbty/Comp supply voltage.