We prove that a sequence of positive integers (h 0 , h 1 , . . . , h c ) is the Hilbert function of an artinian level module of embedding dimension two if and only ifwhere we assume that h −1 = h c+1 = 0. This generalizes a result already known for artinian level algebras. We provide two proofs, one using a deformation argument, the other a construction with monomial ideals. We also discuss liftings of artinian modules to modules of dimension one.