Rule 424(b)(2)
Registration No. 33-56615
NASD File No: 941128001
PRICING SUPPLEMENT NO. 147
Dated May 1, 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
Interest Payable each February 15, August 15 and at maturity
Pricing to Public: 100%
Agent's Commission: .35%
Original Issue Date: 5/6/96
Interest Rate Per Annum: 6.78%
Maturity Date: 5/6/99
The aggregate principal amount of this offering is $10,000,000 and
relates only to Pricing Supplement No. 147. 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 $4,911,400,000 Medium-Term Notes, Series E
has been issued and $2,324,765,000 are outstanding.
