Rule 424(b)(2)
Registration Nos. 333-14791
NASD File No. 961029005
Cusip No: 52517PLE9
PRICING SUPPLEMENT NO. 260
Dated August 14, 1997, to Prospectus
Supplement dated August 11, 1997
and Prospectus dated October 31, 1996
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: 100.246% Initial Interest Rate: 3 month Libor
Commission: .35% Telerate pg 3750
posted on 8/19/97
Interest Rate Basis:
( ) Treasury Rate Original Issue Date: 8/21/97
(X) LIBOR - T3750 Maturity Date: 8/21/00
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.30%
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 8/21; 11/21; 2/21 and 5/21-subject
to modified following business day convention.
The aggregate principal amount of this offering is $10,000,000
and relates only to Pricing Supplement No. 260. 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 $9,247,325,000 Medium-Term Notes,
Series E has been issued and $5,455,890,000 are outstanding.
