Rule 424(b)(2)
Registration Nos. 33-56615
NASD File No.
941128001
AMENDED PRICING SUPPLEMENT NO. 148
Dated May 3, 1996, to Prospectus
Supplement dated January 26, 1995
and Prospectus dated January 26, 1995
LEHMAN BROTHERS HOLDINGS
INC. Medium-Term Notes,
Series E
(Floating Rate)
Due from Nine Months to 30 years from Date of Issue
Price to Public: 100% Initial Interest Rate: One (1) Month
Agent's Commission: .20% LIBOR
Telerate
posted on
5/2/96 Interest Rate Basis:
( ) Treasury Rate Original Issue Date: 5/6/96
( X) LIBOR - 1 month Maturity Date: 11/6/97
( ) Commercial Paper Rate Maximum Interest
Rate:______%
( ) Federal Funds Effective Rate Minimum Interest
Rate:______%
( ) Prime Rate Spread
Multiplier:__________%
( ) Other Spread (+ -) +.25%
Index Maturity: 1 month
Interest Payment Period: Monthly
Interest Reset Period: Monthly
Interest Reset Dates: 6th of every month
Interest Determination Dates: Two (2) London/NY business days prior
to interest payment dates
Interest Payment Dates: 6th of every month and at maturity
The aggregate principal amount of this offering is $25,000,000 and
relates only to Pricing Supplement No. 148. Medium-Term Notes,
Series E may be issued by the company in aggregate principal amount
of up to $5,267,500,000 and, to date, including this offering, an
aggregate of $4,936,400,000 Medium-Term Notes, Series E has been
issued and $2,324,765,000 are outstanding.
