Rule 424(b)(2)
Registration Nos. 33-56615
                                 NASD File No. 941202002
   
AMENDED PRICING SUPPLEMENT NO. 95
Dated March 7, 1995, to Prospectus
Supplement dated January 26, 1995
and Prospectus dated January 26, 1995
    
                   LEHMAN BROTHERS HOLDINGS INC.
                    Medium-Term Notes, Series E
                         (Fixed Rate)
       Due from Nine Months to 30 years from Date of Issue
    Interest Payable each March 28 and September 28 and at Maturity

Pricing to Public: 100%

Agent's Commission: .25%

Original Issue Date: 3/28/95

Maturity Date: 3/28/02 (1)
   
Interest Rate Basis:
          Year 1    3/28/95 to and including 3/27/96   8.00%
          Year 2    3/28/96 to and including 3/27/97   8.00%
          Year 3    3/28/97 to and including 3/27/98   8.25%
          Year 4    3/28/98 to and including 3/27/99   8.60%
          Year 5    3/28/99 to and including 3/27/00   9.00%
          Year 6    3/28/00 to and including 3/27/01   9.40%
          Year 7    3/28/01 to and including 3/27/02   10.50%

Interest Reset Dates: 3/28/97, 3/28/98, 3/28/99, 3/28/00, 3/28/01
    

(1) Call Feature:  The Company has the right to call the Notes in
whole on or after 3/28/97 on interest payment dates.  Call notice is
ten calendar days.
   
The  aggregate  principal amount of this offering is  $10,000,000  and
relates only to Pricing Supplement No. 95. Medium-Term Notes, Series E
may  be issued by the company in aggregate principal amount of  up  to
$5,267,500,000 and, to date, including this offering, an aggregate  of
$3,488,275,000  Medium-Term  Notes,  Series  E  has  been  issued  and
$2,178,975,000 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 and the discount
allowed  to such broker/dealer will not exceed the discount received
by        the        Agent        in        such        transaction.


       SUPPLEMENTAL UNITED STATES FEDERAL INCOME TAX DISCLOSURE
                                   
United  States Holders should accrue stated interest on the  Notes  in
accordance  with the United States Holders' method of  accounting  for
tax  purposes.  The Internal Revenue Service ("IRS"), however, has the
power  in  certain circumstances to treat debt instruments as Original
Issue  Discount Notes causing United States Holders to include OID  in
income  in  advance of the receipt of some or all of the related  cash
payments.  It is the Company's position that such treatment by the IRS
is not appropriate.

A  Unites  States Holder of the Notes should refer to  the  Prospectus
Supplement  to which this Pricing Supplement relates for  further  tax
disclosure.

Capitalized  terms  not  otherwise defined  herein  have  the  meaning
ascribed  to  them  in  the  accompanying  Prospectus  Supplement   or
Prospectus.