  We consider a quantum affine algebra realized in two-dimensional non-linear
sigma models with target space three-dimensional squashed sphere. Its affine
generators are explicitly constructed and the Poisson brackets are computed.
The defining relations of quantum affine algebra in the sense of the Drinfeld
first realization are satisfied at classical level. The relation to the
Drinfeld second realization is also discussed including higher conserved
charges. Finally we comment on a semiclassical limit of quantum affine algebra
at quantum level.
