Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 2 dated May 4, 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
(Fixed Rate)
Cusip No.: 52517PPZ8
Principal Amount: $300,000,000
Price to Public: 99.991%
Agent's Commission: 0.346%
Original Issue Date: 05/07/99
Interest Rate Per Annum: 6.375%
Interest Payment Dates: 02/15, 08/15, commencing 08/15/99
Maturity Date: 05/07/02
Lehman Brothers Holdings Inc.
By:________________________
Name: Kathryn M. Bopp Flynn
Title: Senior Vice President
