Rule 424(b)(2)
Registration Nos. 333-50197
NASD File No. 961029005
Cusip No: 52517PPW5
AMENDMENT TO PRICING SUPPLEMENT NO. 347
Dated: March 29, 1999 to Prospectus
Supplement dated May 4, 1998
And Prospectus dated May 4, 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: 100.00% Initial Interest Rate: Three (3)Month
Commission: 0.35% LIBOR Telerate
posted on 3/25/99
Interest Rate Basis:
( ) Treasury Rate Settlement Date: 03/29/99
(X) LIBOR (3 month) Maturity Date: 04/02/02
( ) Commercial Paper Rate Maximum Interest Rate:______%
( ) Federal Funds Effective Rate Minimum Interest Rate:______%
( ) Prime Rate Spread Multiplier:__________%
( ) Other Spread (+ -) +.90%
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
interest reset dates.
Interest Payment Dates: The 1st of January, April, July and
October, commencing on July 1, 1999.
The aggregate principal amount of this offering is $410,000,000
and relates only to Pricing Supplement No. 347. Medium-Term
Notes, Series E are not limited as to a total amount authorized .
To date, including this offering, an aggregate of $17,679,204,288
Medium-Term Notes, Series E has been issued and $9,722,137,201
are outstanding.
