Abstract
The theory of generalized coherent states associated with the SU(2) and SU(1,1) Lie algebras is discussed and applied in an investigation of possible reductions of fluctuations. In the framework of a system of N two-level atoms the squeezing of angular-momentum [SU(2)] fluctuations is exhibited for optical coherent transients involving the photon echo. The SU(1,1) fluctuations are discussed and established for general two-photon processes involving dynamical variables different from the creation and annihilation operators.

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