Cognitive radio and cooperative communication can greatly improve the spectrum efficiency in wireless communications.We study a cognitive radio network where two secondary source terminals exchange their information with the assistance of a relay node under interference power constraints.In order to enhance the transmit rate and maintain fairness between two source terminals, a practical 2-phase analog network coding protocol is adopted and its optimal power allocation algorithm is proposed.Numerical results verify the superiority of the proposed algorithm over the conventional direct transmission protocol and 4-phase amplify-and-forward relay protocol.