  We report the first measurement of the quantum phase-difference noise of an
ultrastable nondegenerate optical parametric oscillator that emits twin beams
classically phase-locked at exact frequency degeneracy. The measurement
illustrates the property of a lossless balanced beam-splitter to convert
number-difference squeezing into phase-difference squeezing and, thus, provides
indirect evidence for Heisenberg-limited interferometry using twin beams. This
experiment is a generalization of the Hong-Ou-Mandel interference effect for
continuous variables and constitutes a milestone towards continuous-variable
entanglement of bright, ultrastable nondegenerate beams.
