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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,
 SLpK6+9z5eTaAbMWGM9zWB7k7QbFfL9IC0lRiz2KKuhLvN5j2z0f6sUTMz1SkAVe
 w4w1tbgV5TPJ0svCr+aFCg==

<SEC-DOCUMENT>0000806085-96-000184.txt : 19961113
<SEC-HEADER>0000806085-96-000184.hdr.sgml : 19961113
ACCESSION NUMBER:		0000806085-96-000184
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961112
SROS:			NYSE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FEDERAL MOGUL CORP
		CENTRAL INDEX KEY:			0000034879
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				380533580
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-08835
		FILM NUMBER:		96659278

	BUSINESS ADDRESS:	
		STREET 1:		26555 NORTHWESTERN HGWY
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034
		BUSINESS PHONE:		3133547700

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 13G/A

	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 13G/A
<SEQUENCE>1
<DESCRIPTION>FEDERAL MOGUL CORP. SCHEDULE 13G AMENDMENT NO. 1
<TEXT>

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


                          OFFICE OF THE GENERAL COUNSEL


                                                           November 12, 1996


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Attn:  Document Control--EDGAR

                             Re: SCHEDULE 13G Amendment No. 1


Dear Commissioner:

         On behalf of Lehman Brothers  Holdings Inc. (the  "Reporting  Person"),
submitted in electronic form for filing, is an Amendment No. 1 to a Schedule 13G
relating to the Reporting  Person's  ownership of 3.875%  Series D,  Convertible
Preferred Stock of Federal Mogul Corp.

         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


Enclosure

cc:      Federal Mogul Corp.
         New York Stock Exchange


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