I have the same phone system ( one main phone line/power/charger base).  When the light repeatedly blinks twice it means that a call has come in and not been answered and should be in your callers list and or a message has been left and not retrieved.  
If this helps, I have a question about this same system.  Main unit works but other two are unavailable even thought the other phone(s) are working and there is dial tone on other phone(s)./  Its not the battery cause I switched the good with the bad and it did not make a difference.  Also, they are charging but to no avail.  Can you help?
                
 Joy
                
 May 2010