The parametric amplifier with and without the pumping fluctuations of coupling function is considered when the fields are initially prepared in coherent light. The pumping fluctuations are assumed to be normally distributed with time-dependent variance. The effects of antibunching and anticorrelation of photons on the photon distribution, correlation between modes and factorial moments are demonstrated. A possible enhancement of photon antibunching for certain values of initial mean photon numbers is shown and discussed. We have shown also that new states (called modified squeezed vacuum states or even thermal states) can be generated from such an interaction. Further, we have demonstrated that the sum photon-number distribution can exhibit collapses and revivals in the photon-number domain somewhat similar to those known in the Jaynes-Cummings model.