  A quantum memory for light is a key element for the realization of future
quantum information networks. Requirements for a good quantum memory are (i)
versatility (allowing a wide range of inputs) and (ii) true quantum coherence
(preserving quantum information). Here we demonstrate such a quantum memory for
states possessing Einstein-Podolsky-Rosen (EPR) entanglement. These
multi-photon states are two-mode squeezed by 6.0 dB with a variable orientation
of squeezing and displaced by a few vacuum units. This range encompasses
typical input alphabets for a continuous variable quantum information protocol.
The memory consists of two cells, one for each mode, filled with cesium atoms
at room temperature with a memory time of about 1msec. The preservation of
quantum coherence is rigorously proven by showing that the experimental memory
fidelity 0.52(2) significantly exceeds the benchmark of 0.45 for the best
possible classical memory for a range of displacements.
