Rule 424(b)(2)
Registration No. 33-56615
NASD File No: 941128001
PRICING SUPPLEMENT NO. 118
Dated May 1, 1995 to Prospectus
Supplement dated January 26, 1995
and Prospectus dated Jauary 26, 1995
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 February 15 and August 15 and at Maturity
Pricing to Public: 100%
Agent's Commission: .00%
Original Issue Date: 5/9/95
Interest Rate Per Annum: 7.85%
Maturity Date: 5/11/98
The aggregate principal amount of this offering is $38,125,000 and
relates only to Pricing Supplement No. 118. 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 $3,831,900,000 Medium-Term Notes, Series E
has been issued and $2,444,275,000 are outstanding.
