Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 18 dated December 21, 1999
to Prospectus Supplement dated April 30, 1999
and Prospectus dated April 30, 1999
LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series F
Due Nine Months or More From the Date of Issue
(Floating Rate)
Cusip No.: 52517PQR5
Principal Amount: $200,000,000
Price to Public: 100.00%
Agent's Commission: 0.150%
Original Issue Date: 12/23/99
Initial Interest
Rate Per Annum: 6.1625% (4 month Libor First Fixing,
Telerate p. 3750, posted on 12/21/99), 3
month Libor Quarterly thereafter
Spread: +0.150%
Index Maturity: Quarterly
Interest Payment Period: Quarterly
Interest Reset Period: Quarterly
Interest Reset Dates: Same as interest payment dates.
Interest
Determination Dates: Two London business days prior to each
interest reset date.
Interest Payment Dates: 04/24/00, 07/24/00, 10/23/00 and 01/18/01,
subject to modified business day
convention.
Maturity Date: 01/18/01
Authorized Denomination: $1,000 or any larger whole multiple.
Lehman Brothers Holdings Inc.
By:/s/ Kathryn Bopp Flynn
Name: Kathryn Bopp Flynn
Title: Senior Vice President
