424B5 1 file1.htm

Filed Pursuant to Rule 424(b)(5)
Registration File No.: 333-134553

PRICING SUPPLEMENT No. 6
to Prospectus Supplement dated May 30, 2006
to Prospectus Supplement dated May 30, 2006
and Prospectus dated May 30, 2006

650,000 YEELDS(R)
LEHMAN BROTHERS HOLDINGS INC.
MEDIUM-TERM NOTES, SERIES I

5.53% Yield Enhanced Equity Linked Debt Securities Due November 29, 2007
Performance Linked to the Common Stock of Starbucks Corporation (SBUX)

Because these notes are part of a series of Lehman Brothers Holdings' debt
securities called Medium-Term Notes, Series I, this pricing supplement and the
accompanying prospectus supplement, dated May 30, 2006 (the "YEELDS prospectus
supplement") should also be read with the accompanying prospectus supplement,
dated May 30, 2006 (the "MTN prospectus supplement") and the accompanying
prospectus dated May 30, 2006 (the "base prospectus"). Terms used here have the
meanings given them in the YEELDS prospectus supplement, the MTN prospectus
supplement or the base prospectus, unless the context requires otherwise.

o INDEX STOCK ISSUER: Starbucks Corporation. Starbucks Corporation is not
involved in this offering and has no obligation with respect to the notes.

o INDEX STOCK: The common stock of the index stock issuer.

o PRINCIPAL AMOUNT: $37.01 per YEELDS, and, in the aggregate, $24,056,500.

o STATED MATURITY DATE: November 29, 2007, subject to postponement if the
valuation date is postponed.

o VALUATION DATE: November 21, 2007, subject to postponement if a market
disruption event occurs or if such day is not a scheduled trading day, as
described under the caption "Description of the Notes-Settlement value" on page
SS-14 of the YEELDS prospectus supplement.

o DETERMINATION PERIOD: Five business days.

o COUPON RATE: 5.53% per annum.

o COUPON PAYMENT DATES: The 29th of each February, May, August and November,
commencing on February 28, 2007.

o COUPON RECORD DATES: 15 calendar days prior to each coupon payment date.

o INITIAL VALUE: $37.0100, which is the average execution price per share for
the index stock that an affiliate of Lehman Brothers Holdings has paid to hedge
Lehman Brothers Holdings' obligations under the notes.

o EQUITY CAP PRICE: $42.9316, which is approximately 116.00% of the initial
value.

o BASE DIVIDEND: $0.00, which is the amount of the quarterly dividend per share
of common stock most recently paid by Starbucks Corporation prior to the date of
this pricing supplement.

o EFFECTIVE DIVIDEND ADJUSTMENT DATE: The first business day immediately
following the 20th day of each February, May, August and November and the
valuation date, as applicable.

o PAYMENT AT MATURITY: On the stated maturity date, Lehman Brothers Holdings
will pay you, per YEELDS, the lesser of:

(1) the alternative redemption amount; and

(2) $42.9316.

Because the principal amount is equal to the initial value, the alternative
redemption amount per YEELDS will equal the settlement value.

The settlement value will be based upon the adjusted closing price of the index
stock on the valuation date, as described beginning on page SS-14 of the YEELDS
prospectus supplement under "Description of the Notes-Settlement Value".

o STOCK SETTLEMENT OPTION: Yes, at the option of Lehman Brothers Holdings at
maturity, as described under the caption "Description of the Notes-Stock
Settlement" on page SS-19 of the YEELDS prospectus supplement. Lehman Brothers
Holdings will provide the trustee with written notice no later than the
valuation date if it elects the stock settlement option.

o DENOMINATIONS: $37.01 and integral multiples thereof.

o LISTING: The YEELDS will not be listed on any exchange.

o CUSIP NO.: 52520W671

o ISIN NO.: US52520W6710

Investing in the notes involves risks. Risk Factors begin on page SS-7 of
the YEELDS prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
pricing supplement, any accompanying YEELDS prospectus supplement or any
accompanying prospectus is truthful or complete. Any representation to the
contrary is a criminal offense.

----------------------

Per YEELDS Total
---------- --------------
Public offering price....................... $36.610000 $23,796,500.00
Underwriting discount....................... $ 0.091525 $ 59,491.25
Proceeds to Lehman Brothers Holdings........ $36.518475 $23,737,008.75

----------------------

Lehman Brothers Holdings has granted the underwriter an option to purchase,
within 13 days of the original issuance, up to an additional 97,500 YEELDS on
the same terms and conditions set forth above solely to cover over-allotments,
if any.

----------------------

The notes are expected to be ready for delivery in book-entry form only through
The Depository Trust Company on or about November 28, 2006.

----------------------

LEHMAN BROTHERS

November 20, 2006
"YEELDS" is a registered trademark of Lehman Brothers Inc.

EXAMPLES OF AMOUNT PAYABLE AT MATURITY

Here are two examples of the amount that may be payable on the stated maturity
date. In each of these examples it is assumed that Starbucks Corporation does
not pay any cash dividends on its shares of common stock during the term of the
YEELDS.

EXAMPLE 1. ASSUMING THE SETTLEMENT VALUE IS $30.00:

As a result, because the settlement value of $30.00 is less than $42.9316, on
the stated maturity date, you would receive $30.00 per YEELDS, plus accrued but
unpaid coupon payments.

EXAMPLE 2. ASSUMING THE SETTLEMENT VALUE IS $50.00:

As a result, because $42.9316 is less than the settlement value of $50.00, on
the stated maturity date, you would receive $42.9316 per YEELDS, plus accrued
but unpaid coupon payments.

In the case of stock settlement in this example, you would receive on the stated
maturity date a number of shares of the index stock and cash having a value on
the valuation date equal to $42.9316 per YEELDS, plus accrued but unpaid coupon
payments. Accordingly, you would receive on the stated maturity date if you held
one YEELDS, $42.9316 in cash, plus accrued but unpaid coupon payments. To the
extent that you hold more than one YEELDS, the calculations of cash payments in
lieu of fractional shares would be made on an aggregate, rather than on a per
YEELDS, basis. For example, if you held 650,000 YEELDS, you would receive on the
stated maturity date in total, 558,110 shares of index stock and $40.00 in cash,
plus accrued but unpaid coupon payments.

To the extent the actual settlement value differs from the values assumed above
or that Starbucks Corporation begins to pay cash dividends, the results
indicated above would be different.

PS-2

INDEX STOCK ISSUER AND INDEX STOCK

STARBUCKS CORPORATION

Lehman Brothers Holdings has obtained the following information regarding
Starbucks Corporation from Starbucks Corporation's reports filed with the SEC.

Starbucks Corporation (together with its subsidiaries, "Starbucks" or the
"Company"), formed in 1985, purchases and roasts whole bean coffees and sells
them, along with fresh, rich-brewed coffees, Italian-style espresso beverages,
cold blended beverages, a variety of complementary food items, coffee-related
accessories and equipment, a selection of premium teas and a line of compact
discs, primarily through Company-operated retail stores. Starbucks also sells
coffee and tea products and licenses its trademark through other channels and,
through certain of its equity investees, Starbucks produces and sells bottled
Frappuccino(R) coffee drinks and Starbucks DoubleShot(R) espresso drink and a
line of superpremium ice creams.

The index stock is registered under the Securities Exchange Act of 1934.
Companies with securities registered under that Act are required to file
periodically certain financial and other information specified by the SEC.
Information provided to or filed with the SEC can be inspected and copied at the
public reference facilities maintained by the SEC or through the SEC's website
described under "Where You Can Find More Information" on page 58 of the
accompanying base prospectus. In addition, information regarding the index stock
issuer may be obtained from other sources including, but not limited to, press
releases, newspaper articles and other publicly disseminated documents.

HISTORICAL INFORMATION ABOUT THE INDEX STOCK

The shares of common stock of Starbucks Corporation are quoted on The NASDAQ
Stock Market under the symbol "SBUX".

The following table presents the high and low closing prices for the shares of
common stock of Starbucks Corporation, as reported on The NASDAQ Stock Market
during each fiscal quarter in 2003, 2004, 2005 and 2006 (through the date of
this pricing supplement), and the closing price at the end of each quarter in
2003, 2004, 2005 and 2006 (through the date of this pricing supplement).

The historical prices of the index stock are not necessarily indicative of
future performance. Lehman Brothers Holdings cannot assure you that the price of
the index stock will remain at, or increase above, the initial value;
accordingly, there can be no assurance that the payment you receive at maturity
will equal or exceed the principal amount. The historical prices below have been
adjusted to reflect any stock splits or reverse stock splits.

All information in the table that follows was obtained from Bloomberg L.P.,
without independent verification.

PS-3

HIGH LOW PERIOD END
-------- -------- ------------
2003
First Quarter ...................... $13.18 $ 9.90 $12.88
Second Quarter...................... 13.37 11.45 12.28
Third Quarter....................... 15.10 12.67 14.40
Fourth Quarter...................... 16.58 14.65 16.58

2004
First Quarter ...................... $19.48 $16.46 $18.94
Second Quarter...................... 22.09 18.62 21.75
Third Quarter....................... 23.94 21.29 22.73
Fourth Quarter...................... 31.94 23.53 31.18

2005
First Quarter ...................... $30.80 $24.79 $25.83
Second Quarter ..................... 28.13 22.78 25.83
Third Quarter ...................... 26.35 23.08 25.05
Fourth Quarter ..................... 31.96 24.91 30.01

2006
First Quarter....................... $37.63 $30.24 $37.63
Second Quarter ..................... 39.63 34.93 37.76
Third Quarter ...................... 38.02 29.55 34.05
Fourth Quarter (through the date
of this pricing supplement)....... 39.43 33.62 36.75

PS-4

HYPOTHETICAL RETURNS

The table below illustrates, for a range of hypothetical settlement values on
the valuation date, in each case assuming that (a) the investment is held from
the date on which the YEELDS are first issued until the stated maturity date and
(b) Starbucks Corporation does not pay any cash dividends on its shares of
common stock during the term of the YEELDS:

o the percentage change from the initial value to the hypothetical settlement
value on the valuation date;

o the total coupon payments paid or payable on or before the stated maturity
date per YEELDS;

o the hypothetical total amount payable per YEELDS on the stated maturity
date;

o the hypothetical total annualized yield on the YEELDS on the stated maturity
date; and

o the hypothetical total annualized yield from direct ownership of the index
stock.

PERCENTAGE TOTAL COUPON HYPOTHETICAL
CHANGE FROM THE PAYMENTS PAID OR HYPOTHETICAL TOTAL ANNUALIZED
INITIAL VALUE TO PAYABLE ON OR TOTAL AMOUNT YIELD ON THE HYPOTHETICAL
HYPOTHETICAL THE HYPOTHETICAL BEFORE THE PAYABLE PER YEELDS TOTAL ANNUALIZED
SETTLEMENT VALUE SETTLEMENT VALUE STATED MATURITY YEELDS ON THE ON THE STATED YIELD FROM
ON THE VALUATION ON THE VALUATION DATE STATED MATURITY MATURITY DATE DIRECT OWNERSHIP
DATE DATE PER YEELDS DATE (1) PER YEELDS (2) OF INDEX STOCK
---------------- ---------------- ---------------- --------------- ---------------- ----------------

$22.2060 -40% $2.0523 $22.2060 -35.3% -39.92%
$29.6080 -20% $2.0523 $29.6080 -14.8% -19.95%
$33.3090 -10% $2.0523 $33.3090 -4.6% -9.97%
$37.0100 0% $2.0523 $37.0100 5.6% 0.00%
$40.7110 10% $2.0523 $40.7110 15.8% 9.97%
$44.4120 20% $2.0523 $42.9316 22.0% 19.94%
$46.2625 25% $2.0523 $42.9316 22.0% 24.92%
$51.8140 40% $2.0523 $42.9316 22.0% 39.87%

_______________________

(1) Excludes accrued but unpaid coupon payments payable on the stated maturity
date.

(2) The hypothetical total annualized yield on the stated maturity date
represents the coupon rate per year used in determining the present values,
discounted to the original issue date (computed on the basis of a 360-day
year of twelve 30-day months compounded annually), of all payments made or
to be made on the YEELDS, including the amount payable on the stated
maturity date and all coupon payments through the stated maturity date, the
sum of these present values being equal to the original issue price.

The above figures are for purposes of illustration only. The actual amount
received by investors and the resulting total annualized yield will depend
entirely on the actual settlement value determined by the calculation agent. In
particular, the actual settlement value could be lower or higher than those
reflected in the table.

You should compare the features of the YEELDS to other available investments
before deciding to purchase the YEELDS. Due to the uncertainty concerning the
settlement value on the valuation date, the return on investment with respect to
the YEELDS may be higher or lower than the return available on other securities
issued by Lehman Brothers Holdings or by others. You should reach an investment
decision only after carefully considering the suitability of the YEELDS in light
of your particular circumstances.

PS-5

SUPPLEMENTAL PLAN OF DISTRIBUTION

Lehman Brothers Holdings has agreed to sell to Lehman Brothers Inc. and Lehman
Brothers Inc. has agreed to purchase, all of the YEELDS at the price indicated
on the cover of this pricing supplement.

Lehman Brothers Holdings has agreed to indemnify Lehman Brothers Inc. against
liabilities, including liabilities under the Securities Act of 1933, as amended,
or to contribute to payments that Lehman Brothers Inc. may be required to make
relating to these liabilities as described in the MTN prospectus supplement and
the base prospectus.

Lehman Brothers Inc. will offer the YEELDS initially at a public offering price
equal to the issue price set forth on the cover of this pricing supplement.
After the initial public offering, the public offering price may from time to
time be varied by Lehman Brothers Inc.

Lehman Brothers Holdings has granted to Lehman Brothers Inc. an option to
purchase, at any time within 13 days of the original issuance of the YEELDS, up
to 97,500 additional YEELDS solely to cover over-allotments. To the extent that
the option is exercised, Lehman Brothers Inc. will be committed, subject to
certain conditions, to purchase the additional YEELDS. If this option is
exercised in full, the total public offering price, the underwriting discount
and proceeds to Lehman Brothers Holdings would be approximately $27,365,975.00,
$68,414.94 and $27,297,560.06, respectively.

Lehman Brothers Holdings expects to deliver the YEELDS against payment on or
about November 28, 2006, which is the fifth business day following the date of
this pricing supplement.

Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally
are required to settle in three business days, unless the parties to any such
trade expressly agree otherwise. Accordingly, if any purchaser wishes to trade
the YEELDS on the date of this pricing supplement, it will be required, by
virtue of the fact that the YEELDS initially will settle on the fifth business
day following the date of this pricing supplement, to specify an alternate
settlement cycle at the time of any such trade to prevent a failed settlement.

Lehman Brothers Holdings or an affiliate has entered into swap agreements or
related hedge transactions with one of Lehman Brothers Holdings' other
affiliates or unaffiliated counterparties in connection with the sale of the
notes and Lehman Brothers Inc. and/or an affiliate has earned additional income
as a result of payments pursuant to the swap, or related hedge transactions.

PS-6

650,000 YEELDS(R)

LEHMAN BROTHERS HOLDINGS INC.
MEDIUM-TERM NOTES, SERIES I

5.53% YIELD ENHANCED EQUITY LINKED DEBT SECURITIES DUE NOVEMBER 29, 2007
PERFORMANCE LINKED TO THE COMMON STOCK OF STARBUCKS CORPORATION (SBUX)

----------------------

PRICING SUPPLEMENT
NOVEMBER 20, 2006

(INCLUDING PROSPECTUS SUPPLEMENT
DATED MAY 30, 2006

PROSPECTUS SUPPLEMENT
DATED MAY 30, 2006 AND

PROSPECTUS
DATED MAY 30, 2006)

----------------------

LEHMAN BROTHERS