Rule 424(b)(2)
Registration No. 33-56615
NASD File No: 941128001
PRICING SUPPLEMENT NO. 146
Dated January 10, 1996 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: .50%
Original Issue Date: 2/1/96
Interest Rate Per Annum: 7.25%
Interest Payment Dates: February 1, August 1 and at Maturity
Maturity Date: 2/1/11 (1)
1) Call Feature: The Company has the right to call the Notes at par
on or after 2/1/01 on interest payment dates. Call notice is ten
calendar days.
These Notes, issued under Pricing Supplement No. 146, may be sold in
minimum denominations of $1,000, or any amount in excess thereof
which is an integral multiple of $1,000.
The aggregate principal amount of this offering is $10,000,000 and
relates only to Pricing Supplement No. 146. 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 $4,901,400,000 Medium-Term Notes, Series E
has been issued and $2,703,365,000 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.
