Calculation of the Registration Fee

Title of Each Class of Securities Offered	Maximum Aggregate Offering Price	Amount of Registration Fee(1)(2)
Notes	$20,000,000.00	$614.00

(1)  Calculated in accordance with Rule 457(r) of the Securities Act of 1933.

(2)  Pursuant to Rule 457(p) under the Securities Act of 1933, filing fees have already been paid with respect to unsold securities that were previously registered pursuant to a Registration Statement on Form S-3 (No. 333-134553) filed by Lehman Brothers Holdings Inc. and the other Registrants thereto on May 30, 2006, and have been carried forward, of which $614.00 is offset against the registration fee due for this offering and of which $1,215,754.32 remains available for future registration fees. No additional registration fee has been paid with respect to this offering.

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-134553

PRICING SUPPLEMENT NO. 247 dated June 15, 2007
to Prospectus Supplement dated May 30, 2006
and Prospectus dated May 30, 2006

LEHMAN BROTHERS HOLDINGS INC.
Medium-Term Notes, Series I

This Pricing Supplement supplements the terms and conditions in, and incorporates by reference, the Prospectus, dated May 30, 2006, as supplemented by the Prospectus Supplement, dated May 30, 2006 (as so supplemented, together with all documents incorporated by reference therein, the “Prospectus”), and should be read in conjunction with the Prospectus. Unless otherwise defined in this Pricing Supplement, terms used herein have the same meanings as are given to them in the Prospectus.

CUSIP No.:	52517PS28
ISIN:	US52517PS281
Specified Currency:	Principal:	U.S. Dollars
	Interest:	U.S. Dollars
Principal Amount:	$20,000,000

	Total			Per Note
Issue Price:	$	19,820,000.00		99.10	%
Accrued Interest:	$	178,050.00		0.90	%
Agent’s Commission:	$	(46,000.00	)	(0.23	%)
Proceeds to Lehman Brothers Holdings:	$	19,952,050.00		99.77	%

The Notes will be issued in an aggregate principal amount of $20,000,000 and will be a further issuance of, and form a single tranche with, the $100,000,000 aggregate principal amount of Medium Term Notes due January 26, 2017, that Lehman Brothers Holdings initially issued on January 26, 2007, as described in the Pricing Supplement dated January 11, 2007. The Notes will have the same CUSIP and ISIN numbers as the previously issued initial notes of this tranche and

will trade interchangeably with such other notes of this tranche immediately upon settlement. The issuance of the Notes will increase the aggregate principal amount of the outstanding notes of this tranche to $120,000,000.

On the Issue Date, we may, without the consent of the holders of the Notes, issue additional notes similar to these Notes in all respects except for the Issue Price. Following the Issue Date, we may, without the consent of the holders of Notes, create and issue additional notes similar to these Notes except for the Issue Date, Issue Price and the payment of interest accruing prior to the Issue Date of such additional notes. All such additional notes will be consolidated and form a single tranche with, have the same CUSIP and ISIN numbers as and trade interchangeably with these Notes.

Agent:	Lehman Brothers
Agent’s Capacity:	x As principal     o As agent

x The Notes are being offered at a fixed initial public offering price equal to 99.1% of the principal amount plus accrued interest of $178,050.00 in the aggregate, from April 26, 2007, until June 20, 2007, the date Lehman Brothers Holdings Inc. expects to deliver the Notes.

o The Notes are being offered at varying prices relating to prevailing market prices at the time of sale.

Trade Date:	June 15, 2007
Issue Date:	June 20, 2007
Stated Maturity Date:	January 26, 2017
Date From Which Interest Accrues:	o Issue Date
	o Other: April 26, 2007
o Fixed Rate Note
Interest Rate per Annum:	_______%
x Floating Rate Note	o CD Rate
	o Commercial Paper Rate
	o Federal Funds (Effective) Rate
	o Federal Funds (Open) Rate
	x LIBOR Telerate (Reuters Screen LIBOR01 Page as the successor      to LIBOR Telerate)
	o LIBOR Reuters
	o EURIBOR
	o Treasury Rate:   Constant Maturity o Yes   o No
	o Prime Rate

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	o Eleventh District Cost of Funds Rate
	o CMS Rate
	o Other: _______________________
Index Maturity:	3 months
Spread:	Plus 0.58%
Spread Multiplier:	Not applicable
Maximum Rate:	7.00%
Minimum Rate:	0.00%
Interest Payment Dates:	Quarterly on the 26th of January, April, July and October, commencing on July 26, 2007
Interest Determination Dates:	Two London business days prior to each Interest Reset Date
Interest Reset Dates:	Each Interest Payment Date
Business Day Convention:	Modified following
Adjusted:	o Yes     x No
Calculation Agent:	Citibank, N.A.
Optional Redemption:	Not applicable
Authorized Denominations:	$1,000 and whole multiples of $1,000
Form of Note:	x Book-entry only (global)     o Certificated

CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES

We intend to treat the Notes as variable rate debt instruments, as described under “Supplemental United States Federal Income Tax Consequences—Variable Rate Debt Instruments” in the Prospectus Supplement. The portion of the purchase price of the Notes attributable to accrued interest should not be included in your basis of the Notes and instead should reduce the amount of your interest income attributable to the first stated interest payment.

SUPPLEMENTAL INFORMATION CONCERNING THE PLAN OF DISTRIBUTION

Lehman Brothers Holdings Inc. has agreed to sell to Lehman Brothers Inc. (the “Agent”), and the Agent has agreed to purchase from Lehman Brothers Holdings Inc. the principal amount of the

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Notes at the price specified on the cover of this pricing supplement (the “Purchase Price”).  The Agent is committed to take and pay for all of the Notes, if any are taken.

The Agent proposes to offer the Notes initially at a public offering price equal to the Issue Price set forth above and to certain dealers at a discount to the Purchase Price.  After the initial public offering, the public offering price and other selling terms may from time to time be varied by the Agent.

If the Notes are sold in a market-making transaction after their initial sale, information about the purchase price and the date of the sale will be provided in a separate confirmation of sale.

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