Rule 424(b)(2)         	         
	Registration Nos. 333-38227
	NASD File No. 961029005
                                  Cusip No:  52517PLW9			
	          	
PRICING SUPPLEMENT NO. 276
Trade Date: December 2, 1997, to Prospectus
Supplement dated August 11, 1997
and Prospectus dated August 11, 1997

	   LEHMAN BROTHERS HOLDINGS INC.
	Medium-Term Notes, Series E
	(Floating Rate)
       Due from Nine Months to 30 years from Date of Issue

Price to Public: 100%   Initial Interest Rate: 1 month Libor
Commission: .25%                            Telerate pg 3750
	           posted on 11/28/97
Interest Rate Basis:	                 	  
( ) Treasury Rate	 Settlement Date: 12/5/97  
(X) LIBOR (1 month)	 Maturity Date:   12/6/99
( ) Commercial Paper Rate	 Maximum Interest Rate:______% 
( ) Federal Funds Effective Rate	 Minimum Interest Rate:______%
( ) Prime Rate 	 Spread Multiplier:__________%
( ) Other 	 Spread (+ -) +.24%

Index Maturity: Monthly

Interest Payment Period:	 Monthly

Interest Reset Period:	Monthly

Interest Reset Dates:	Same as interest payment dates.

Interest Determination Dates: Two NY/London business days prior 
to interest reset dates.      
                      
Interest Payment Dates:  Monthly on the 6th, subject to modified 
following business day convention.

The aggregate principal amount of this offering is $15,000,000 
and relates only to Pricing Supplement No. 276. Medium-Term 
Notes, Series E may be issued by the company in aggregate 
principal amount of up to $10,267,500,000 and, to date, including 
this offering, an aggregate of $9,853,325,000 Medium-Term Notes, 
Series E has been issued and $5,892,390,000 are outstanding.











								Lehman Brothers Holdings



								By:					
		            	             Name: Nigel Walker
				      		  Title: Assistant Treasurer