Rule 424(b)(2)
Registration No. 333-75723
PRICING SUPPLEMENT NO. 39 dated January 10, 2001
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.: 52517PRP8
Principal Amount: $100,000,000.00
Net Proceeds: $99,750,000.00
Price to Public: 100.0%
Agent's Commission: .25%
Original Issue Date: 01/16/01
Interest Index: 3 month LIBOR, telerate p. 3750
Spread: 0.32%
Initial Interest Rate: Interest index posted on 01/10/01, plus spread
Interest Payment Period: Quarterly on the 16th
Interest Reset Dates: Same as interest payment dates
Interest
Determination Dates: Two New York business days prior to each
Interest Reset Date
Interest Payment Dates: Quarterly on the 12th, commencing on 03/12/01,
subject to modified business day
convention
Maturity Date: 01/16/03
Authorized Denomination: $1,000 or any larger whole multiple.
Lehman Brothers Holdings Inc.
By:/s/John Buckley
Name: John Buckley
Title: Authorized Signatory
