<ARTICLE> BD <LEGEND> LEHMAN BROTHERS HOLDINGS INC. and SUBSIDIARIES This schedule contains summary financial information extracted from the Statement of Financial Condition at August 31, 1995 (Unaudited) and the Consolidated Statement of Operations for the nine months ended August 31, 1995 (Unaudited) and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000806085 <NAME> LEHMAN BROTHERS HOLDINGS INC. <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> NOV-30-1995 <PERIOD-START> DEC-01-1994 <PERIOD-END> AUG-31-1995 <CASH> 2,867 <RECEIVABLES> 9,724 <SECURITIES-RESALE> 37,173 <SECURITIES-BORROWED> 18,178 <INSTRUMENTS-OWNED> 48,175 <PP&E> 558 <TOTAL-ASSETS> 117,518 <SHORT-TERM> 5,742 <PAYABLES> 10,803 <REPOS-SOLD> 57,887 <SECURITIES-LOANED> 3,425 <INSTRUMENTS-SOLD> 20,444 <LONG-TERM> 12,897 <COMMON> 11 <PREFERRED-MANDATORY> 0 <PREFERRED> 708 <OTHER-SE> 2,912 <TOTAL-LIABILITY-AND-EQUITY> 117,518 <TRADING-REVENUE> 959 <INTEREST-DIVIDENDS> 7,986 <COMMISSIONS> 342 <INVESTMENT-BANKING-REVENUES> 540 <FEE-REVENUE> 0 <INTEREST-EXPENSE> 7,675 <COMPENSATION> 1,111 <INCOME-PRETAX> 269 <INCOME-PRE-EXTRAORDINARY> 174 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 174 <EPS-PRIMARY> $1.27 <EPS-DILUTED> $1.27