Rule 424(b)(2)
Registration Nos. 333-50197
NASD File No. 961029005
Cusip #: 52517PPV7
PRICING SUPPLEMENT NO. 346
Trade Date: March 10, 1999 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: 99.97%
Agent's Commission: .280%
Original Issue Date: 03/15/99
Interest Rate Per Annum: 6.375%
Interest Payment Dates: 15th of February and August, commencing
August 15, 1999
Maturity Date: 03/15/01
These Notes, issued under Pricing Supplement No. 346, 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 this offering is $200,000,000 and
relates only to Pricing Supplement No. 346. Medium-Term Notes,
Series E are not limited as to a total amount authorized. To date,
including this offering, an aggregate of $17,269,204,288 Medium-Term
Notes, Series E has been issued and an aggregate $9,690,137,201 are
outstanding.
Lehman Brothers Holdings
By:________________________
Name: Kathryn M. Bopp Flynn
Title: Senior Vice President
