Rule 424(b)(2)
Registration Nos. 333-44771
NASD File No. 961029005
Cusip No: 52517PNP2
PRICING SUPPLEMENT NO. 317
Trade Date: April 22, 1998, to Prospectus
Supplement dated February 18, 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% Initial Interest Rate: Fed Funds Effective
Commission: .25% Telerate pg 120
posted on 04/27/98
Interest Rate Basis:
() Treasury Rate Settlement Date: 04/27/98
( ) LIBOR (1 month) Maturity Date: 04/27/00
( ) Commercial Paper Rate Maximum Interest Rate:______%
(X) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.30%
Index Maturity: Daily
Interest Payment Period: Quarterly
Interest Reset Period: Daily
Interest Reset Dates: Daily
Interest Determination Dates: One NY business day prior to
interest reset dates.
Interest Payment Dates: 7/27, 10/27, 1/27, 4/27, and at
maturity, subject to modified following business day convention.
The aggregate principal amount of this offering is $26,000,000
and relates only to Pricing Supplement No. 317. 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 $14,486,287,688 Medium-Term Notes,
Series E has been issued and $10,016,052,688 are outstanding.
Lehman Brothers Holdings
By:
Name: Kathy Bopp Flynn
Title: Assistant Treasurer
