Rule 424(b)(2)
Registration Nos. 333-14791
NASD File No. 961029005
Cusip #: 52517PKR1
PRICING SUPPLEMENT NO. 247
Dated June 4, 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: 100%
Agent's Commission: .50%
Original Issue Date: 6/25/97
Interest Rate Per Annum: 7.50%
Interest Payment Dates: Monthly on the 25th, commencing on 7/25/97
Maturity Date: 6/25/12 (1)
1) Call Feature: The Company has the right to call the Notes at par
on 6/25/02 only. Call notice is fifteen days.
These Notes, issued under Pricing Supplement No. 247, 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 $7,000,000 and
relates only to Amended Pricing Supplement No. 247. 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 $8,287,325,000 Medium-Term Notes,
Series E has been issued and $4,755,890,000 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.
