Rule 424(b)(2)
			Registration No. 333-75723


PRICING SUPPLEMENT NO. 13 dated August 9, 1999
to Prospectus Supplement dated April 30, 1999
and Prospectus dated April 30, 1999

	 LEHMAN BROTHERS HOLDINGS INC.
        	  Medium-Term Notes, Series F
	      Due Nine Months or More From the Date of Issue
		(Fixed Rate)

Cusip No.:  		52517PQL8

Principal Amount:  	$25,000,000

Price to Public:  		100.00%

Agent's Commission:  	0.350%

Original Issue Date:  	08/23/99

Interest Rate Per Annum: 	8.125%

Interest Payment Dates:  	Monthly on the 23rd, commencing 09/23/99

Maturity Date:  		08/23/14

Authorized Denomination:	$1,000 or any larger whole multiple.

Call Option: 		The Issuer has the right to call the issue
every two years at par on or after the
first call date.  Call notice is 30
calendar days.

First Call Date:   	08/23/02

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, which may vary
from the discount received by the Agent in such transaction.


Lehman Brothers Holdings Inc.

By:________________________
Name:  Kathryn Bopp Flynn
Title: Assistant Vice President