Rule 424(b)(2)
Registration Nos. 333-44771
NASD File No. 961029005
Cusip #: 52517PND9
PRICING SUPPLEMENT NO. 307
Trade Date: March 3, 1998 to Prospectus
Supplement dated February 18, 1998
and Prospectus dated February 18, 1998
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: 9.506%
Agent's Commission: .00%
Original Issue Date: 03/25/98
Interest Rate Per Annum: 0.00%
Maturity Date: 03/25/28
Call Option: The Issuer has the right to call the Issue on the
dates listed below at the corresponding prices. Call Notice is 30
calendar days.
Call Dates: March 25, 2003: 14.07125
March 25, 2008: 20.82890
March 25, 2013: 30.83187
March 25, 2018: 45.63870
March 25, 2023: 67.55641
These Notes, issued under Pricing Supplement No. 307, 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 proceeds of this offering is
$38,024,000 representing a face amount of $400,000,000 and relates
only to Pricing Supplement No. 307. Medium-Term Notes, Series E may
be issued by the Company in an aggregate principal amount of up to
$14,162,913,688 and, to date, including this offering, an aggregate
of $13,689,937,688 Medium-Term Notes, Series E has been issued and
$9,297,702,688 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.
