Rule 424(b)(2)
Registration Nos. 333-50197
NASD File No. 961029005
Cusip No: 52517PPL9
PRICING SUPPLEMENT NO. 337
Trade Date: August 26, 1998 to Prospectus
Supplement dated May 4, 1998
and Prospectus dated May 4, 1998
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: 99.99425% Initial Interest Rate: 3 month libor
Agent's Commission: .200% Telerate pg 3750
Posted on 8/26/98
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 8/28/98
(X) LIBOR (3 month) Maturity Date: 3/01/00
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.170%
Index Maturity: Quarterly
Interest Payment Period: Quarterly
Interest Reset Period: Quarterly
Interest Reset Dates: Same as interest payment dates.
Interest Determination Dates: Two London business days prior to
interest reset dates.
Interest Payment Dates: The 1st of March, June, September and
December, commencing on December 1, 1998 subject to modified
following business day convention.
The aggregate principal amount of this offering is $250,000,000
and relates only to Pricing Supplement No. 337. Medium-Term
Notes, Series E are not limited as to a total amount authorized.
To date, including this offering, an aggregate of $16,162,204,288
Medium-Term Notes, Series E has been issued and an aggregate of
$11,172,844,288 is outstanding.
Lehman Brothers Holdings
By:________________________
Name: Marc A. Silverman
Title: Treasurer