RNS No 7620r
LEHMAN BROTHERS HOLDINGS INTL
1st July 1997


RE:       LEHMAN BROTHERS EURO MEDIUM TERM NOTES

PRINCIPAL AMOUNT    USD 10,000,000
ORIGINAL ISSUE DATE     140397
MATURITY DATE           020701
COMMON CODE             7472234-8

WITH REFERENCE TO THE ABOVE NOTE ISSUE THE INTEREST RATE HAS
BEEN SET FOR 3 MONTHS AS FOLLOWS

INTEREST RATE CALCULATION

INTEREST PERIOD    020797 TO 021097
3 MONTH USD LIBOR RATE  5.78125
PLUS SPREAD             (PLUS)2.15
INTEREST RATE FOR PERIOD 7.93125
NO OF DAYS               92
INTEREST DUE AT NEXT
INTEREST PAYMENT DATE   USD 202,687.50


RE:       LEHMAN BROTHERS EURO MEDIUM TERM NOTES

PRINCIPAL AMOUNT   JPY 1,000,000,000
ORIGINAL ISSUE DATE    020797
MATURITY DATE          010198
COMMON CODE            778465-9

WITH REFERENCE TO THE ABOVE NOTE ISSUE THE INTEREST RATE HAS
BEEN SET FOR 6 MONTHS AS FOLLOWS

INTEREST RATE CALCULATION

INTEREST PERIOD   020797 TO 050198
6 MONTH JPY LIBOR RATE   0.71875
PLUS SPREAD              (PLUS)1.65
INTEREST RATE FOR PERIOD  2.36875
NO OF DAYS                187
INTEREST DUE AT NEXT
INTEREST PAYMENT DATE    JPY 12,304,340

END