Tantrasāra Saṅgraha
Tantra Sāra 1.010
शान्तसंवित् षड्गुणश्च सारात्मा हंसळाळुकौ। पञ्चाशन्मूर्तयस्त्वेता ममाकारादलिक्षकाः ॥१०॥
sha - for Shāntasaṁvit, ṣha - for Shadgunah, sa - for Sārātmā, ha - for Hansah, and la - for Lālukah. Thus are the fifty forms of the lord deciphered from the alphabets.
Note:
Shāntasaṁvit = one who possesses peace, Shadgunah = one who has six auspicious qualities, i.e. wealth, valour, fame, virtue, knowledge, scientific knowledge; Sārātmā = the essence of the essence, Hansah = he who knows the essence of everything, and Lālukah = one who grants happiness to the liberated.
A pictorial representation of how everything is derived from the Pranava, 'Om':

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बहुचित्रजगद्बहुधाकरणात् परशक्तिरनन्तगुणः परमः ।
सुखरूपममुष्य पदं परमं स्मरतस्तु भविष्यति तत्सततम् ॥
"The one who has created this variegated vast universe with varied forms has infinite power and is of infinite auspicious qualities. He certainly bestows the highest state of bliss to those who meditate on his ever happy essence." -Dwādasha stōtra 4.3

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