The Pancharatnam phase when an ideal cavity is filled with a I(err-like med
ium and coupling is affected through a nondegenerate Raman two-photon proce
ss is studied. A careful investigation is made seeking exact results on the
temporal evolution of atomic inversion and Pancharatnam phase. We invoke t
he mathematical notion of maximum variation of a function to construct a me
asure for Pancharatnam phase fluctuations. It is shown that Pancharatnam ph
ase contains explicit information about the statistics of the held and atom
ic coherence, and is also shown that addition of the Kerr medium has an imp
ortant effect on the properties of this phase. The results show that the ef
fect of the Kerr medium changes the quasiperiod of the Pancharatnam phase e
volution. The influence of Stark shift on the atomic inversion and the Panc
haratnam phase in both presence and absence of the nonlinear medium is exam
ined. General conclusions reached are illustrated by numerical results.