SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Learning Tree International, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
522015106000
(CUSIP Number)
Check the following box if a fee is being paid with this statement.
( )
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
<PAGE>
CUSIP No.
522015106000
1) Name of Reporting Person
Lehman Brothers Holdings Inc.
S.S. or I.R.S. Identification No. of Above Person
13-3216325
2) Check the Appropriate box if a Member of a Group
(a) ( )
(b) ( )
3) SEC Use Only
4) Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power
1,222,715
6) Shared Voting Power
-0-
7) Sole Dispositive Power
1,222,715
8) Shared Dispositive Power
-0-
9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,222,715
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
(---)
11) Percent of Class Represented by Amount in Row 9 5.6%
12) Type of Reporting Person
HC/CO
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Item 1(a). Name of Issuer: Learning Tree International, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
6053 West Century Boulevard
Los Angeles, CA 90045
Item 2(a). Name of Persons Filing:
Lehman Brothers Holdings Inc.
Item 2(b). Address of Principal Business Office:
Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
Item 2(c). Citizenship or Place of Organization:
See Item 4 of cover pages
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
522015106000
Item 3. Information if statement is filed pursuant to Rules
13d-1(b) or 13d-2(b):
Not Applicable
Item 4. Ownership
(a) Amount Beneficially Owned as of May 22, 1998 See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has: (i) sole power to vote or to
direct the vote (ii) shared power to vote or to direct the vote (iii) sole
power to dispose or to direct the disposition (iv) shared power to dispose
or to direct the disposition
See Items 5-8 of cover pages
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
<PAGE>
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security being reported on by the
Parent Holding Company
The relevant subsidiaries are Lehman Brothers Inc.
and Lehman Brothers Finance S.A.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purposes or effect.
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 22, 1998
LEHMAN BROTHERS HOLDINGS INC.
By: /s/ Jennifer Marre
----------------------
Name: Jennifer Marre
Title: Vice President and Secretary
