Rule 424(b)(2)
Registration Nos. 333-14791
NASD File No. 961029005
Cusip #: 52517PKZ3
PRICING SUPPLEMENT NO. 255
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
(Fixed Rate)
Due from Nine Months to 30 Years from Date of Issue
Pricing to Public: 99.926%
Agent's Commission: .25%
Original Issue Date: 08/11/97
Interest Rate Per Annum: 6.30%
Interest Payment Dates: Every 2/15 and 8/15 commencing on 2/15/98
Maturity Date: 08/11/99
These Notes, issued under Pricing Supplement No. 255, may be sold in
minimum denominations of $1,000, or any amount in excess thereof
which is an integral multiple of $1,000.
The aggregate principal amount of this offering is $300,000,000 and
relates only to Pricing Supplement No. 255. Medium-Term Notes,
Series E may be issued by the Company in an aggregate principal
amount of up to $9,517,500,000 and, to date, including this
offering, an aggregate of $9,057,325,000 Medium-Term Notes, Series E
has been issued and $5,225,890,000 are outstanding.
The Agent has purchased the Notes as principal in this transaction
and may resell any of such Notes to another broker/dealer (acting as
principal for the purposes of resale) at a discount, which may vary
from the discount received by the Agent in such transaction.
