Collinear velocity relaxation of two spheres immersed in a viscous incompressible fluid is studied on the basis of an approximate expression for the retarded hydrodynamic interaction. After a sudden impulse applied to one sphere, the other one instantaneously starts to move as well, with amplitude determined by the added mass effect. The velocities of both spheres eventually decay with a t −3/2 long-time tail, but the relative velocity decays with a t −5/2 long-time tail. The three relaxation functions are approximated by simple expressions involving only a small number of poles in the complex square root of frequency plane.