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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 G4KeSmzrjwRa6WhvCBGH7R5DmLCS9zYZXZ8YzpVZludjkyOlN51yLKDhaGpL5JAy
 fX6j/1TyAxUiyPFuTfOTYg==

<SEC-DOCUMENT>0000806085-96-000173.txt : 19961023
<SEC-HEADER>0000806085-96-000173.hdr.sgml : 19961022
ACCESSION NUMBER:		0000806085-96-000173
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961021
SROS:			NASD

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROFFITTS INC
		CENTRAL INDEX KEY:			0000812900
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DEPARTMENT STORES [5311]
		IRS NUMBER:				620331040
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			0203

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40274
		FILM NUMBER:		96645917

	BUSINESS ADDRESS:	
		STREET 1:		115 NORTH CALDERWOOD
		CITY:			ALCOA
		STATE:			TN
		ZIP:			37701
		BUSINESS PHONE:		6159837000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 9388
		CITY:			ALCOA
		STATE:			TN
		ZIP:			37701

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEHMAN BROTHERS HOLDINGS INC
		CENTRAL INDEX KEY:			0000806085
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				133216325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TWR
		STREET 2:		3 WORLD FINANCIAL CNTR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048
		BUSINESS PHONE:		2125267000

	MAIL ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TOWER 15TH FL
		STREET 2:		2 WORLD TRADE CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SHEARSON LEHMAN HUTTON HOLDINGS INC
		DATE OF NAME CHANGE:	19901017
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<DESCRIPTION>PROFFITT'S INC., SCHEDULE 13D
<TEXT>


                          Lehman Brothers Holdings Inc.
                      3 World Financial Center, 24th Floor
                               New York, NY 10285

                          OFFICE OF THE GENERAL COUNSEL

                                                      October 21, 1996

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attn:  Document Control--Edgar

                                Re: Schedule 13D

Dear Commissioner:

        On behalf of following entities (the "Reporting Persons"),  submitted in
electronic  form for  filing,  is a  Schedule  13D  relating  to the  beneficial
ownership of Common Stock of Proffitt's, Inc.:

        Lehman Brothers Capital Partners II, LP Lehman Brothers Merchant Banking
        Portfolio Partnership LP Lehman Brothers Offshore Investment Partnership
        LP Lehman  Brothers  Offshore  Investment  Partnership - Japan LP Lehman
        Brothers Offshore Partners Ltd.
        LB I Group Inc.
        Lehman Brothers Inc.
        Lehman Brothers Holding Inc.

        If you have any  questions  regarding  this filing,  please  contact the
undersigned at (212) 526-1911.

                                                   Very truly yours,

                                                   /s/ Karen C. Manson
                                                   Karen C. Manson
                                                   Vice President
                                                   Secretary of Lehman Brothers
                                                       Holdings Inc.

Enclosure

cc:     NASDAQ
        Proffitt's, Inc.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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