We study doubly excited states of atoms and negative ions by electron-pair analysis. The two-electron Schrodinger equation is analyzed in hyperspherical coordinates, with the electrons described throughout as a pair. In contrast to the current adiabatic hyperspherical method, which reverts at large distances to a description in terms of individual electrons, the pair aspect is preserved also asymptotically. Whereas the adiabatic potential wells converge to the single ionization limit, we develop potential wells converging to the double ionization limit of the system, and doubly excited states are then viewed as eigenstates of the pair in these wells. At the simplest level, we get series converging to the double ionization limit which are de...