CDATA inside or outside of statement tag

[Mississippi John Hurt]

In my statement in xml, if I use <dynamic> tag, does the CDATA wrap around the whole statement, ie

<select>
CDATASTART
<dynamic>  </dynamic>
<dynamic> </dynamic>
CDATAEND
</select>

or I use to use separate CDATA sections as in below...
<select>
<dynamic>  CDATASTART  CDATAEND </dynamic>
<dynamic>  CDATASTART   CDATAEND</dynamic>
</select>