A scheme to achieve dense quantum coding for the quadrature amplitudes of t
he electromagnetic field is presented. The protocol utilizes shared entangl
ement provided by nondegenerate parametric down-conversion in the limit of
large gain to attain high efficiency. For a constraint in the mean number o
f photons (n) over bar associated with modulation in the signal channel, th
e channel capacity for dense coding is found to be In(1+(n) over bar+(n) ov
er bar(2)), which always beats coherent-state communication and surpasses s
queezed-stare communication fur (n) over bar>1. For (n) over bar >>1, the d
ense coding capacity approaches twice that of either scheme.