The parametric amplifier is usually studied under the assumption that
the pump mode is in a large-amplitude coherent state. We consider what
happens when this is no longer the case. We first derive some exact r
elations between the number fluctuations of the pump and signal, the p
ump and the idler, and also the signal and the idler. It is then deter
mined how much phase noise can be tolerated in the initial pump state
if two-mode squeezing is to be produced in the signal-idler field. The
relation between the rotational symmetry in phase space of the initia
l pump state and that of the signal-idler subsystem is determined. We
find that the Sum phase distribution of the signal and idler has twice
the rotational symmetry as that of the initial pump state. Finally, w
e generalize the parametric approximation to treat pump states which a
re not coherent states. We examine the effect of a phase-squeezed pump
state and find that the pump squeezing can actually decrease the two-
mode squeezing of the signal-idler field while enhancing a form of hig
her-order squeezing, sum squeezing, for these fields.