Rule 424(b)(2)
Registration Nos. 333-38227
NASD File No. 961029005
Cusip No: 52517PMN8
PRICING SUPPLEMENT NO. 292
Trade Date: January 16, 1998, to Prospectus
Supplement dated December 17, 1997
and Prospectus dated December 3, 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: USD Prime Rate
Commission: .20% Telerate pg 125
posted on 1/22/98
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 1/22/98
( ) LIBOR (3 month) Maturity Date: 7/22/99
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
(X) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) -2.71%
Index Maturity: Daily
Interest Payment Period: Quarterly
Interest Reset Period: Daily
Interest Reset Dates: Daily - Rate will freeze two business days
prior to coupon payment dates.
Interest Determination Dates: Daily as further described in the
Prospectus Supplement.
Interest Payment Dates: The 22nd of April, July, October,
January and at maturity, subject to modified following business
day convention.
The aggregate principal amount of this offering is $25,000,000
and relates only to Pricing Supplement No. 292. Medium-Term
Notes, Series E may be issued by the company in aggregate
principal amount of up to $12,403,325,000 and, to date, including
this offering, an aggregate of $11,770,725,000 Medium-Term Notes,
Series E has been issued and $7,706,490,000 are outstanding.
