Rule 424(b)(2)
Registration Nos. 333-50197
NASD File No. 961029005
Cusip #: 52517PPN5
PRICING SUPPLEMENT NO. 339
Trade Date: September 17, 1998 to Prospectus
Supplement dated May 4, 1998
and Prospectus dated May 4, 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: 99.598%
Agent's Commission: .350%
Original Issue Date: 09/22/98
Interest Rate Per Annum: 6.750%
Interest Payment Dates: March 24th and September 24, commencing
March 24th, 1999.
Maturity Date: 09/24/01
These Notes, issued under Pricing Supplement No. 339, 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
$99,248,000 representing a face amount of $100,000,000 and relates
only to Pricing Supplement No. 339. Medium-Term Notes, Series E are
not limited as to a total amount authorized. To date, including
this offering, an aggregate of $16,292,204,288 Medium-Term Notes,
Series E has been issued and an aggregate $11,327,844,288 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.
Lehman Brothers Holdings
By:________________________
Name: Marc A. Silverman
Title: Treasurer
