  Using four-wave mixing in a hot atomic vapor, we generate a pair of entangled
twin beams in the microsecond pulsed regime near the D1 line of $^{85}$Rb,
making it compatible with commonly used quantum memory techniques. The beams
are generated in the bright and vacuum-squeezed regimes, requiring two separate
methods of analysis, without and with local oscillators, respectively. We
report a noise reduction of up to $3.8\pm 0.2$ dB below the standard quantum
limit in the pulsed regime and a level of entanglement that violates an
Einstein--Podolsky--Rosen inequality.
