MONTANA POWER CO /MT/, SC 13G, 1999-02-12

MONTANA POWER CO /MT/
SC 13G, 1999-02-12
ELECTRIC & OTHER SERVICES COMBINED

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                         Lehman Brothers Holdings Inc.
                      3 World Financial Center, 24th Floor
                               New York, NY 10285


                          OFFICE OF THE GENERAL COUNSEL


                                                      February 12, 1999



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Attn:  Document Control--EDGAR


                                Re: SCHEDULE 13G


Dear Commissioner:

         On behalf of Lehman Brothers  Holdings Inc. (the  "Reporting  Person"),
submitted  in  electronic  form for filing,  is a Schedule  13G  relating to the
Reporting Person's ownership of the $6.875 Preferred Stock of Montana Power Co.

         If you have any questions  regarding  this filing,  please  contact the
undersigned at (212) 526-1936.


                                                      Very truly yours,

                                                      /s/ Jennifer Marre
                                                      -------------------
                                                      Jennifer Marre
                                                      Vice President and
                                                      Secretary


Enclosure

cc:      Montana Power Co.
         National Association of
           Securities Dealers, Inc.