Abstract: A two-way mailer is constructed of top and bottom plies which form an outgoing and a return envelope, at least one insert ply secured between the top and bottom plies and a control ply overlying the top ply. The top ply bears the MAIL TO and the RETURN addresses for the outgoing envelope. The top ply also includes a die-cut removable pull tab. The insert ply includes a stationary portion adhered to the top ply around the outer perimeter of the pull tab. A section of the stationary portion located behind the pull tab bears the MAIL TO address for the return envelope. Removing the pull tab exposes the section and the MAIL TO address for the return envelope. With as few as three total plies, this two-way mailer can be consistently printed on an impact printer without any paper jams.