  We generate a pair of entangled beams from the interference of two amplitude
squeezed beams. The entanglement is quantified in terms of EPR-paradox [Reid88]
and inseparability [Duan00] criteria, with observed results of $\Delta^{2}
X_{x|y}^{+} \Delta^{2} X_{x|y}^{-} = 0.58 \pm 0.02$ and $\sqrt{\Delta^{2} X_{x
\pm y}^{+} \Delta^{2} X_{x \pm y}^{-}} =
  0.44 \pm 0.01$, respectively. Both results clearly beat the standard quantum
limit of unity. We experimentally analyze the effect of decoherence on each
criterion and demonstrate qualitative differences. We also characterize the
number of required and excess photons present in the entangled beams and
provide contour plots of the efficacy of quantum information protocols in terms
of these variables.
