ABSTRACT Transverse vibration of two axially moving beams connected by a Winkler elastic foundation is analyzed analytically. The system is a model of paper and paper-cloth (wire-screen) used in paper making. The two beams are tensioned, translating axially with a common constant velocity, simply supported at their ends, and of different materials and geometry. Due to the effect of translation, the dynamics of the system displays gyroscopic motion. The Euler-Bernoulli beam theory is used to model the deflections, and the governing equations are expressed in the canonical state form. The natural frequencies and associated mode shapes are obtained. It is found that the natural frequencies of the system are composed of two infinite sets describing in-phase and out-of-phase vibrations. In case the beams are identical, these modes become synchronous and asynchronous, respectively. Divergence instability occurs at the critical velocity; and, the frequency-velocity relationship is similar to that of a single traveling beam. The effects of the mass, flexural rigidity, and axial tension ratios of the two beams, as well as the effects of the elastic foundation stiffness are investigated