Abstract: A dual-speed, dual format full-duplex two-wire voiceband data transmission system provides automatic speed selection at the answering terminal responsive to a handshaking sequence which is compatible with existing systems operating at telegraph speeds. Existing systems provide asynchronous full-duplex serial data transmission in the speed range of zero to 300 bits per second using frequency-shift keying of tones in split frequency bands dedicated to the respective transmisson directions. Alternative full-duplex serial data transmission at 1200 bits per second using phase-shift keying of carrier waves in these same split frequency bands can now be provided from a common line protocol.