<ARTICLE> BD
<LEGEND>

                         LEHMAN BROTHERS HOLDINGS INC.

This schedule contains summary financial information extracted from the
Consoldiated Balance Sheet at August 31, 1994 (Unaudited) and the Consolidated
Statement of Operations for the eight months ended August 31, 1994 (Unaudited) 
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   8-MOS
<FISCAL-YEAR-END>                          NOV-30-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               AUG-31-1994
<CASH>                                          $2,265
<RECEIVABLES>                                  $12,078
<SECURITIES-RESALE>                            $44,569
<SECURITIES-BORROWED>                           $9,093
<INSTRUMENTS-OWNED>                            $51,749
<PP&E>                                            $607
<TOTAL-ASSETS>                                $121,246
<SHORT-TERM>                                   $13,000
<PAYABLES>                                      $5,752
<REPOS-SOLD>                                   $67,826
<SECURITIES-LOANED>                             $1,988
<INSTRUMENTS-SOLD>                             $15,893
<LONG-TERM>                                    $10,827
<COMMON>                                           $11
<PREFERRED-MANDATORY>                               $0
<PREFERRED>                                       $708
<OTHER-SE>                                      $2,641
<TOTAL-LIABILITY-AND-EQUITY>                  $121,246
<TRADING-REVENUE>                               $1,054
<INTEREST-DIVIDENDS>                            $4,547
<COMMISSIONS>                                     $332
<INVESTMENT-BANKING-REVENUES>                     $421
<FEE-REVENUE>                                       $0
<INTEREST-EXPENSE>                              $4,365
<COMPENSATION>                                  $1,057
<INCOME-PRETAX>                                   $128
<INCOME-PRE-EXTRAORDINARY>                         $80
<EXTRAORDINARY>                                     $0
<CHANGES>                                        $(13)
<NET-INCOME>                                       $67
<EPS-PRIMARY>                                    $0.37
<EPS-DILUTED>                                    $0.37