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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000806085-01-000010.txt : 20010207
<SEC-HEADER>0000806085-01-000010.hdr.sgml : 20010207
ACCESSION NUMBER:		0000806085-01-000010
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010206

FILER:

	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:		424B2
		SEC ACT:		
		SEC FILE NUMBER:	333-75723
		FILM NUMBER:		1525610

	BUSINESS ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TWR
		STREET 2:		3 WORLD FINANCIAL CNTR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
		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>424B2
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>MTNF041
<TEXT>

                                                                 Rule 424(b)(2)
                                                     Registration No. 333-75723


PRICING SUPPLEMENT NO. 41 dated February 2, 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.:                      52517PRR4

Principal Amount:               $25,000,000.00

Net Proceeds:                   $24,912,500.00

Price to Public:                100.0%

Agent's Commission:             .35%

Original Issue Date:            02/06/01

Interest Index:                 Fed Funds open rate, Telerate page 5, if not
                                available, as per Federal Funds open rate at
                                Garvin GuyButler.  If the rate is not available
                                from Telerate page 5 or from Garvin GuyButler,
                                the rate will be taken from Telerate page 4833
                                or from Prebon Marshall Yamane.  The rate will
                                be calculated on a weighted basis, meaning
                                Friday's rate will be in effect for Saturday
                                and Sunday.

Spread:                         0.55%

Initial Interest Rate:          Interest index posted on 05/06/01, plus spread

Interest Payment Period:        Quarterly on the 6th

Interest Reset Dates:           Same as interest payment dates

Interest
Determination Dates:            Same New York business day

Interest Payment Dates:         Quarterly on the 6th, commencing on 05/06/01,
                                subject to modified business day convention.

Maturity Date:                  02/06/04

Authorized Denomination:        $1,000 or any larger whole multiple.

Lehman Brothers Holdings Inc.

By:/s/Thomas O'Sullivan
Name: Thomas O'Sullivan
Title: Authorized Signatory

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