Rule 424(b)(2)
			Registration Nos. 333-44771
	NASD File No. 961029005
	Cusip #: 52517PND9

PRICING SUPPLEMENT NO. 307
Trade Date: March 3, 1998 to Prospectus
Supplement dated February 18, 1998
and Prospectus dated February 18, 1998

	 LEHMAN BROTHERS HOLDINGS INC.   
        	  Medium-Term Notes, Series E
                  		(Fixed Rate)

Due from Nine Months to 30 Years from Date of Issue

Pricing to Public:  9.506%

Agent's Commission: .00% 

Original Issue Date: 03/25/98

Interest Rate Per Annum:  0.00% 

Maturity Date:  03/25/28 

Call Option:  The Issuer has the right to call the Issue on the 
dates listed below at the corresponding prices.  Call Notice is 30 
calendar days.

Call Dates:  March 25, 2003:	14.07125
             March 25, 2008:	20.82890
	         March 25, 2013:	30.83187
	         March 25, 2018:	45.63870
	         March 25, 2023:	67.55641    
		
These Notes, issued under Pricing Supplement No. 307, may be sold in 
minimum denominations of $1,000, or any amount in excess thereof 
which is an integral multiple of $1,000.

The aggregate principal amount of proceeds of this offering is 
$38,024,000 representing a face amount of $400,000,000 and relates 
only to Pricing Supplement No. 307.  Medium-Term Notes, Series E may 
be issued by the Company in an aggregate principal amount of up to 
$14,162,913,688 and, to date, including this offering, an aggregate 
of $13,689,937,688 Medium-Term Notes, Series E has been issued and 
$9,297,702,688 are outstanding.	


The Agent has purchased the Notes as principal in this transaction 
and may resell any of such Notes to another broker/dealer (acting as 
principal for the purposes of resale) at a discount, which may vary 
from the discount received by the Agent in such transaction.