Rule 424(b)(2)
Registration No. 33-65674
NASD File No: 930707011
PRICING SUPPLEMENT NO. 77
Dated January 6, 1995 to Prospectus
Supplement dated November 11, 1994
and Prospectus dated August 8, 1994
LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series E
(Fixed Rate)
Due from Nine Months to 30 Years from Date of Issue
Interest Payable each January 15 and July 15 and at Maturity
Pricing to Public: 100%
Agent's Commission: .45%
Original Issue Date: 1/13/95
Interest Rate Per Annum: 9.375%
Maturity Date: 1/15/99
The aggregate principal amount of this offering is $50,000,000 and
relates only to Pricing Supplement No. 77. Medium-Term Notes,
Series E may be issued by the Company in an aggregate principal
amount of up to $3,267,500,000 and, to date, including this
offering, an aggregate of $2,844,100,000 Medium-Term Notes, Series E
has been issued and $2,653,100,000 are outstanding.
