We present a new technique for the efficient and simple production of
amplitude-squeezed light with high coherent excitation, using a freque
ncy doubler, in which only the fundamental wave is resonantly enhanced
. Our theory predicts up to nearly 90% squeezing in the second-harmoni
c wave under ideal conditions. In our first experiment we measured up
to 30% squeezing [having taken into account the limited quantum effici
ency (63%) of our detection system] in a stable 50 mW beam. Compared t
o doubly resonant frequency doubling our new approach has considerable
technical advantages.