Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 34 dated November 17, 2000
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 Coupon)
Cusip No.: 52517PRJ2
Principal Amount: $500,000,000.00
Net Proceeds: $499,250,000.00
Price to Public: 100.0%
Agent's Commission: 0.15%
Original Issue Date: 11/22/00
Interest Index: 1 Month LIBOR
Spread: 3 basis points
Maturity Date: 11/23/01
Authorized Denomination: $1,000 or any larger whole multiple.
Lehman Brothers Holdings Inc.
By:/s/John_Buckley
Name: John Buckley
Title: Senior Vice President
