Rule 424(b)(2)
Registration Nos. 333-14791
NASD File No. 961029005
Cusip No: 52517PLJ8
PRICING SUPPLEMENT NO. 264
Trade Date: September 12, 1997, to Prospectus
Supplement dated August 11, 1997
and Prospectus dated August 11, 1997
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: 3 month Libor
Commission: .50% Telerate pg 3750
posted on 9/17/97
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 9/19/97
(X) LIBOR (3 month) Maturity Date: 9/19/02
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.32%
Index Maturity: Quarterly
Interest Payment Period: Quarterly
Interest Reset Period: Quarterly
Interest Reset Dates: Same as coupon payment dates.
Interest Determination Dates: Two NY/London business days prior
to interest reset dates.
Interest Payment Dates: Every 3/19; 6/19; 9/19 and 12/19,
subject to modified following business day convention.
The aggregate principal amount of this offering is $25,000,000
and relates only to Pricing Supplement No. 264. Medium-Term
Notes, Series E may be issued by the company in aggregate
principal amount of up to $10,267,500,000 and, to date, including
this offering, an aggregate of $9,307,325,000 Medium-Term Notes,
Series E has been issued and $5,426,390,000 are outstanding.
