This study proposes a modified dual-wavelength heterodyne Michelson interferometer for measuring the absolute distance that can avoid the influence of wavelength drifts. This modified interferometer consists of two conventional Michelson interferometers. A standard plate is introduced in one arm of one Michelson interferometer. The phase differences of p- and s- polarization test lights in the two interferometers can be measured accurately by dual-wavelength heterodyne interferometry. Hence, the absolute distance can be determined by substituting the phase differences into special derived equations. Meanwhile, the test lights suffer from the same wavelength drift effect. Therefore, the negative effect caused by the drift can be offset, and the measurement stability can be significantly increased. The feasibility of this method was demonstrated with a measurement resolution of about 1.36μm. Additionally, this method has a simple structure, easy operation and rapid measurement.