Rule 424(b)(2)
Registration Nos. 333-44771
NASD File No. 961029005
Cusip No: 52517PNJ6
PRICING SUPPLEMENT NO. 312
Trade Date: March 18, 1998 to Prospectus
Supplement dated March 2, 1998
and Prospectus dated February 18, 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: 100.00% Initial Interest Rate: 1 month Libor
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Commission: .25% Telerate pg 3750
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posted on 3/23/98
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 3/25/98
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(X) LIBOR (1 month) Maturity Date: 3/27/00
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( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.22%
Index Maturity: Monthly
Interest Payment Period: Monthly
Interest Reset Period: Monthly
Interest Reset Dates: Same as interest payment dates.
Interest Determination Dates: Two London business days prior to interest reset
dates.
Interest Payment Dates: Monthly on the 27th, commencing on April 27, 1998,
subject to modified following business day convention.
The aggregate principal amount of this offering is $40,000,000 and relates only
to Pricing Supplement No. 312. Medium-Term Notes, Series E may be issued by the
company in aggregate principal amount of up to $15,162,913,688 and, to date,
including this offering, an aggregate of $14,354,937,688 Medium-Term Notes,
Series E has been issued and $9,937,702,688 are outstanding.
