Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 27 dated May 2, 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.: 52517PRA1
Principal Amount: $10,000,000
Price to Public: 100.00%
Agent's Commission: 0.350%
Original Issue Date: 05/18/00
Initial Interest
Rate Per Annum: 8.100%
Spread: N/A
Index Maturity: Monthly
Interest Payment Period: Monthly
Interest Reset Period: Monthly
Interest Reset Dates: Maturity
Interest Payment Dates: Monthly on the 18th, commencing on
06/18/00, subject to modified business day
convention.
Call Option: The issuer has the right to call the issue
every 2 years at par on or after May 18,
2003. Call notice is 30 calendar days.
Maturity Date: 05/18/15
Authorized Denomination: $1,000 or any larger whole multiple.
Lehman Brothers Holdings Inc.
By:/s/John_Buckley
Name: John Buckley
Title: Assistant Vice President
