  We propose a feasible scheme to create two spatially separated atomic and
molecular beams from an atomic Bose-Einstein condensate by combining the
Raman-type atom laser output and the two-color photo-association processes. We
examine the quantum dynamics and statistical properties of the system under
short-time limits, especially the quadrature-squeezed and mode-correlated
behaviors of two output beams for different initial state of the condensate.
The possibility to generate the entangled atom-molecule lasers by an optical
technique was also discussed.
