NOTIFICATION  OF  THE  REMOVAL  FROM  LISTING  AND REGISTRATION OF THE STATED
SECURITIES

The American Stock Exchange LLC hereby notifies  the  SEC of its intention to
remove   the  entire  class  of  the  stated  securities  from  listing   and
registration  on  the  Exchange  at  the opening of business on May 29, 2007,
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a) (2)

The removal of Lehman Brothers Holdings  Inc. Nikkei 225 Index Call Warrants,
expiring  May 8, 2007 is being effected because  the  Exchange  knows  or  is
reliably informed that the entire class of this security was redeemed or paid
at maturity or retirement on May 14, 2007.

The security was suspended by the Exchange on May 7, 2007.