Rule 424(b)(2)
Registration Nos. 333-14791
NASD File No. 961029005
Cusip No: 52517PLU3
PRICING SUPPLEMENT NO. 274
Trade Date: November 19, 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: 1 month Libor
Commission: .20% Telerate pg 3750
posted on 11/20/97
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 11/24/97
(X) LIBOR (1 month) Maturity Date: 5/24/99
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.15%
Index Maturity: Monthly
Interest Payment Period: Monthly
Interest Reset Period: Monthly
Interest Reset Dates: Same as coupon payment dates.
Interest Determination Dates: Two NY/London business days prior
to interest reset dates.
Interest Payment Dates: Monthly on the 24th, subject to modified
following business day convention.
The aggregate principal amount of this offering is $30,000,000
and relates only to Pricing Supplement No. 274. 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 $9,823,325,000 Medium-Term Notes,
Series E has been issued and $5,872,390,000 are outstanding.
Lehman Brothers Holdings
By:
Name: Nigel Walker
Title: Assistant Treasurer
