Rule 424(b)(2)
Registration No. 33-56615
NASD File No: 941128001
PRICING SUPPLEMENT NO. 122
Dated May 11, 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
Pricing to Public: 100%
Agent's Commission: .25%
Original Issue Date: 6/7/95
Interest Rate Per Annum: 8.05%
Interest Payment Dates: 7th day of each month
Maturity Date: 6/7/07 (1)
1) Call Feature: The Company has the right to call the Notes in
whole on or after 6/7/97 on interest payment dates. Call notice is
fifteen calendar days.
The aggregate principal amount of this offering is $5,000,000 and
relates only to Pricing Supplement No. 122. 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 $4,041,900,000 Medium-Term Notes, Series E
has been issued and $2,453,275,000 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.
