Flash - please make sure u are knowledgabe on a subject before speaking. What u have said is incorrect.
----------------
rob - the difference between AM and FM freqs is the way the radio wave is transmitted. FM means frequency modulation - the wave pattern is adjusted in how many waves per second per foot. AM means amplitude modulation - the wave pattern is adjusted by the amplitude, or size, of each individual wave. Due to the wve size change, AM freq uses a larger bandwidth and is more suceptable to interference, FM will not have as good of a range, but will be a much clearer signal. BOTH AM AND FM CAN USE 27mhz and 75mhz frequencies. And YES, if 2 TX's are on the same channel, and one is FM, the other AM, they will interfere with each other.
--------------------
I worked in the US Navy as a CTi in submarine radio rooms, so let me know if u have anymore questions.