LEHMAN BROTHERS HOLDINGS INC, SC 13G/A, 1997-02-11

LEHMAN BROTHERS HOLDINGS INC
SC 13G/A, 1997-02-11
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES

Previous: LEHMAN BROTHERS HOLDINGS INC, SC 13G, 1997-02-11

Next: NICHOLS RESEARCH CORP /AL/, SC 13G, 1997-02-11






                          Lehman Brothers Holdings Inc.
                      3 World Financial Center, 24th Floor
                               New York, NY 10285


                          OFFICE OF THE GENERAL COUNSEL


                                                        February 11, 1997



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Attn:  Document Control--EDGAR


Re:  SCHEDULE 13G AMENDMENT NO. 1


Dear Commissioner:

         On behalf of Lehman Brothers Holdings Inc. (the "Reporting  Person"), 
 submitted in electronic form for filing,  is an Amendment  No. 1 to a Schedule
13G relating to the Reporting  Person's  ownership of Common Stock of Walter
Industries, Inc.

         If you have any questions  regarding  this filing,  please contact the
undersigned at (212) 526-1911.


Very truly yours,

/s/ Karen C. Manson
- -------------------
Karen C. Manson
Vice President
Secretary


Enclosure

cc:      Walter Industries, Inc.
         National Association of
          Securities Dealers, Inc.