Rule 424(b)(2)         	         
	Registration Nos. 333-44771
	NASD File No. 961029005
                                  Cusip No:  52517PNB3			          
	
PRICING SUPPLEMENT NO. 305
Trade Date: February 27, 1998 to Prospectus
Supplement dated February 18, 1998
and Prospectus dated February 18, 1998

	   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: 100.00%   Initial Interest Rate: 1 month Libor
Commission: .25%                            Telerate pg 3750
	           posted on 2/27/98
Interest Rate Basis:	                 	  
( ) Treasury Rate	 Settlement Date: 3/03/98  
(X) LIBOR (1 month)	 Maturity Date:   3/03/00
( ) Commercial Paper Rate	 Maximum Interest Rate:______% 
( ) Federal Funds Effective Rate	 Minimum Interest Rate:______%
( ) Prime Rate 	 Spread Multiplier:__________%
( ) Other 	 Spread (+ -) +.22%

Index Maturity: Monthly

Interest Payment Period:	 Monthly

Interest Reset Period:	Monthly

Interest Reset Dates:	Same as interest payment dates.

Interest Determination Dates: Two London business days prior to 
interest reset dates.      
                      
Interest Payment Dates:  Monthly on the 3rd, commencing on April 
3, 1998, subject to modified following business day convention.

The aggregate principal amount of this offering is $25,000,000 
and relates only to Pricing Supplement No. 305. Medium-Term 
Notes, Series E may be issued by the company in aggregate 
principal amount of up to $14,162,913,688 and, to date, including 
this offering, an aggregate of $13,576,913,688 Medium-Term Notes, 
Series E has been issued and $9,199,678,688 are outstanding.