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 August 4, 2008
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a) (2)

The removal of Lehman Brothers 2%  Notes  Linked  to Morgan Stanley, maturing
March 3, 2009 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 March 31, 2008.

The security was suspended by the Exchange on July 21, 2008.