Rule 424(b)(2)
                                        Registration No. 33-56615
                                        NASD File No: 941128001

PRICING SUPPLEMENT NO. 107
Dated March 14, 1995 to Prospectus
Supplement dated January 26, 1995
and Prospectus dated Jauary 26, 1995

                   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:  100%

Agent's Commission: .25%

Original Issue Date: 4/11/95

Interest Rate Per Annum:  8.25%

Interest Payment Dates:  11th of every month and at maturity

Maturity Date:  4/11/02  (1)
                                
     (1) Call Feature:  The Company has the right to call the Notes in
whole on or after 4/11/97 on interest payment dates.  Call notice is
ten calendar days.

     The aggregate principal amount of this offering is $5,000,000 and
relates only to Pricing Supplement No. 107.  Medium-Term Notes,
Series E may be issued by the Company in an aggregate principal
amount of up to $5,267,500,000 and, to date, including this
offering, an aggregate of $3,608,775,000 Medium-Term Notes, Series E
has been issued and $2,298,775,000 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.