Calculations of light interaction with medium exhibiting both nonlinea
r absorption and dispersion based on one plane-wave and slowly varying
envelope approximations are presented. A two level model of atoms (mo
lecules) has been assumed as a basis for the nonlinear susceptibility
which was then determined without expanding it in a series of the elec
tric field. General formulae for the intensity of the transmitted wave
are derived and some numerical calculations are performed. It has bee
n shown that under this model the optical bistability is possible and
some conditions for its onset have been established.