Rule 424(b)(2)
Registration Nos. 333-14791
NASD File No. 961029005
Cusip No: 52517PKY6
PRICING SUPPLEMENT NO. 256
Dated August 6, 1997, to Prospectus
Supplement dated February 5, 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% Initial Interest Rate: 2 Year CMT
Commission: .35% Telerate pg 7051
posted on 8/7/97
Interest Rate Basis:
( ) Treasury Rate Original Issue Date: 8/11/97
( ) LIBOR - T3750 Maturity Date: 8/11/00
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
(X) Constant Maturity Treasury Spread (+ -) +.20%
Index Maturity: Quarterly
Interest Payment Period: Quarterly
Interest Reset Period: Quarterly
Interest Reset Dates: Same as coupon payment dates.
Interest Determination Dates: Two NY business days prior to interest
reset dates.
Interest Payment Dates: Quarterly on 2/11, 5/11, 8/11 & 11/11-subject
to following business day convention.
The aggregate principal amount of this offering is $100,000,000 and
relates only to Pricing Supplement No. 256. Medium-Term Notes, Series
E may be issued by the company in aggregate principal amount of up to
$9,517,500,000 and, to date, including this offering, an aggregate of
$9,157,325,000 Medium-Term Notes, Series E has been issued and
$5,325,890,000 are outstanding.
