In this paper we consider a quantum optics model where two-mode
quantum light cavity with Kerr-like medium is coupled to an atom via
two-photon process. The dynamical evolution of the system is studied
in terms of entanglement measured by quantum relative entropy. The
entanglements for the different bipartite partitions of the system,
i.e., atom-two modes, mode-mode, mode-(atom+mode), are calculated
explicitly and interesting trade-off relations between the different
kinds of entanglement can be observed in different cases. The
results show the entanglement between mode-mode is generally out of
phase with that between atom and two modes, even though the two
modes do not interact directly, and the Kerr-like medium prevents
the atom and two modes from entangling.