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This paper proposes new pulse analog modulation system; Pulse Interval and Width Modulation suitable for light emitting diodes. In this system pulses have information on both their width and interval between them. Pulse Interval and Width Modulation is characterized by the following compared with Pulse Interval Modulation. First: Pulse repetition frequency is reduced by one half. Second: Duty ratio is 50 % on the average. Third: More power is needed while carrier to noise ratio could be improved instead. The paper shows how it works and comparison with another pulse analog modulation such as Pulse Frequency Modulation or Pulse Interval Modulation. The paper also shows an experiment of twin channel transmission employing two light emitting diodes, two optical fiber transmission lines and two PIN photodiodes as an example of application of Pulse Interval and Width Modulation.