Rule 424(b)(2)
Registration Nos. 333-50197
NASD File No. 961029005
Cusip #: 52517PPB1
PRICING SUPPLEMENT NO. 328
Trade Date: July 14, 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: 10.9828%
Agent's Commission: .00%
Original Issue Date: 07/28/98
Interest Rate Per Annum: 0.00%
Maturity Date: 07/28/28
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: July 28, 2003: 15.8707
July 28, 2008: 22.9338
July 30, 2013: 33.1403
July 30, 2018: 47.8892
July 28, 2023: 69.2020
These Notes, issued under Pricing Supplement No. 328, 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
$32,948,400 representing a face amount of $300,000,000 and relates
only to Pricing Supplement No. 328. Medium-Term Notes, Series E are
not limited as to a total amount authorized. To date, including
this offering, an aggregate of $15,649,204,288 Medium-Term Notes,
Series E has been issued and an aggregate $10,718,844,288 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
