Based on the variational approach, a new Hamiltonian formulation to analyze dispersion‐managed solitons in wavelength‐division multiplexed systems is developed. Using the Hamiltonian dynamics, the periodic dispersion maps that minimize residual frequency shifts in a two‐channel system can be easily determined. Comparison with full numerical simulations ensures the accuracy of our reduced formulation. ©1999 John Wiley & Sons, Inc. Microwave Opt Technol Lett 21: 72–77, 1999.