Rule 424(b)(2)
Registration No. 33-56615
NASD File No: 941128001
AMENDED PRICING SUPPLEMENT NO. 138
Dated September 19, 1995 to Prospectus
Supplement dated January 26, 1995
and Prospectus dated January 26, 1995
LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series E
(Fixed Rate)
Due from Nine Months to 30 Years from Date of Issue
Pricing to Public: 100%
Agent's Commission: .15%
Original Issue Date: 10/13/95
Interest Payment Dates: 13th of each month and at maturity
Interest Rate Per Annum: 8.00%
Maturity Date: 10/13/10 (1)
1) Call Feature: The Company has the right to call the Notes at par
on or after 10/13/96 on interest payment dates. Call notice is ten
calendar days.
The aggregate principal amount of this offering is $10,000,000 and
relates only to Amended Pricing Supplement No. 138. Medium-Term
Notes, Series E may be issued by the Company in an aggregate
principal amount of up to $5,267,500,000 and, to date, including
this offering, an aggregate of $4,510,900,000 Medium-Term Notes,
Series E has been issued and $2,744,865,000 are outstanding.
The Agent has purchased the Notes as principal in this transaction
and may resell any of such Notes to another broker/dealer (acting as
principal for the purposes of resale) at a discount, which may vary
from the discount received by the Agent in such transaction.
