In the present paper, we consider the interaction of a single mode radiation initially in a coherent state with an assembly of two two-level atoms in some different states using the Hamiltonian, H = ω(a+a + Sz)+g(a S+ + a+ S-) in the natural units, where a+ and a are the creation and annihilation operators for radiation, Sz, S± are the collective Dicke operators, g is the coupling constant, ω is the energy of the photons and energy difference between the two atomic levels. We solve it exactly. We study ordinary squeezing and amplitude-squared squeezing of radiation for the general operators,
and Yθ=1/2(a2e-iθ+a+2eiθ), when atoms are fully excited, super-radiant or in the ground state. We get a large ordinary squeezing (nearly 88% squeezing) for the super-radiant atomic state, at a time, which is 0.451 of the first revival time, and this should be easily observable. We also get a large amplitude-squared squeezing (nearly 20%) at the time, which is about 0.033 of the first revival time. Variation of variances near their minima with coupling time gt, square root of mean photon number |α| and phase are also discussed.