Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 21 dated March 1, 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)
Cusip No.: 52517PQU8
Principal Amount: $375,000,000
Price to Public: 100.00%
Agent's Commission: 0.200%
Original Issue Date: 03/03/00
Initial Interest
Rate Per Annum: 1 month Libor, Telerate p. 3750, posted
on 03/01/00
Spread: +0.25%
Index Maturity: Monthly
Interest Payment Period: Monthly
Interest Reset Period: Monthly
Interest Reset Dates: Same as interest payment dates.
Interest
Determination Dates: Two London business days prior to each
interest reset date.
Interest Payment Dates: Monthly on the 4th, commencing on 04/04/00,
subject to modified business day
convention.
Maturity Date: 09/04/01
Authorized Denomination: $1,000 or any larger whole multiple.
Lehman Brothers Holdings Inc.
By:/s/ Kathryn M. Bopp Flynn
Name: Kathryn M. Bopp Flynn
Title: Assistant Vice President
