  In the present article, we consider the so-called two-spin equation that
describes four-level quantum systems. Recently, these systems attract attention
due to their relation to the problem of quantum computation. We study general
properties of the two-spin equation and show that the problem for certain
external backgrounds can be identified with the problem of one spin in an
appropriate background. This allows one to generate a number of exact solutions
for two-spin equations on the basis of already known exact solutions of the
one-spin equation. Besides, we present some exact solutions for the two-spin
equation with an external background different for each spin but having the
same direction. We study the eigenvalue problem for a time-independent spin
interaction and a time-independent external background. A possible analogue of
the Rabi problem for the two-spin equation is defined. We present its exact
solution and demonstrate the existence of magnetic resonances in two specific
frequencies, one of them coinciding with the Rabi frequency, and the other
depending on the rotating field magnitude. The resonance that corresponds to
the second frequency is suppressed with respect to the first one.
