For the first time we derive the dissipating result of an initial two-mode squeezed pure vacuum state passing through a two-mode amplitude dissipative channel described by the direct product of two independent single-mode master equations. Although these two master equations do not mix the two modes (there is no coupling between them), since the two-mode squeezed state is simultaneously an entangled state, the final state which emerges from passing this channel is a two-mode mixed density operator. The compact expression of the outcoming state is obtained, which manifestly shows that as time evolves, the squeezing effect decreases.