We consider the interaction between a Bose-Einstein condensate and a single
-mode quantized light field in the presence of a strong far-off-resonant pu
mp laser. The dynamics is characterized by an exponential instability, henc
e the system acts as an atom-photon parametric amplifier. Triggered by a sm
all injected probe field, or simply by quantum noise, entangled atom-photon
pairs are created which exhibit nonclassical correlations similar to those
seen between photons in the optical parametric amplifier. In addition, the
quantum statistics of the matter and light field depend strongly on the in
itial state which triggers the amplifier. Thus, by preparing different init
ial states of the light field, one can generate matter waves in a variety o
f quantum states, demonstrating optical control over the quantum statistics
of matter waves. [S1050-2947(99)06708-6].