For a co_dimension two bifurcation system on a three_dimensional central manifold, which is parametrically excited by a real noise, a rather general model is obtained by assuming that the real noise is an output of a linear filter system_a zeromean stationary Gaussian diffusion process which satisfies detailed balance condition. By means of the asymptotic analysis approach given by L. Arnold and the expression of the eigenvalue spectrum of Fokker_Planck operator, the asymptotic expansions of invariant measure and maximal Lyapunov exponent for the relevant system are obtained.
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