Rule 424(b)(2)         	         
	Registration Nos. 333-50197
	NASD File No. 961029005
                                  Cusip No: 52517PPK1			          
	
PRICING SUPPLEMENT NO. 336
Trade Date: August 20, 1998 to Prospectus
Supplement dated May 4, 1998
and Prospectus dated May 4, 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: 3 month libor
Agent's Commission: 0.50%	     		   Telerate pg 3750                            
	                Posted on 8/21/98
Interest Rate Basis:	                 	  
( ) Treasury Rate	 Settlement Date: 08/25/98  
(X) LIBOR (3 month)	 Maturity Date:   8/25/03
( ) Commercial Paper Rate	 Maximum Interest Rate:______% 
( ) Federal Funds Effective Rate	 Minimum Interest Rate:______%
( ) Prime Rate 	 Spread Multiplier:__________%
( ) Other 	 Spread (+ -) +.330%

Index Maturity: Quarterly

Interest Payment Period:	 Quarterly

Interest Reset Period:	Quarterly

Interest Reset Dates:	Same as interest payment dates.

Interest Determination Dates: Two London business days prior to 
interest reset dates.      
                      
Interest Payment Dates:  The 25th of February, May, August and 
November, commencing on November 25, 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. 336. Medium-Term 
Notes, Series E are not limited as to a total amount authorized.  
To date, including this offering, an aggregate of $15,912,204,288 
Medium-Term Notes, Series E has been issued and an aggregate of 
$10,922,844,288 is outstanding.




Lehman Brothers Holdings



						By:________________________
						Name: Marc A. Silverman	
						Title: Treasurer