We take into account the two-photon process and generalize the Jaynes-Cummi
ngs (JC) model to the case of atomic level degenerate in the projections of
the angular momenta, and we establish two-photon degenerate JC models with
and without the rotating-wave approximation (RWA) quantum theory. Comparin
g the atom population inversion of the generalized JC model with that of th
e original JC model, we found that the revival period of the degenerate JC
model becomes longer and the maximum amplitude of atomic inversion decrease
s with RWA. Without RWA, the quantum chaos of the generalized JC model is m
uch weaker than that of the original JC model.