<?xml version="1.0"?>
<notificationOfRemoval>

    <schemaVersion>X0203</schemaVersion>

    <exchange>
        <cik>0001143313</cik>
        <entityName>NYSE Alternext US LLC</entityName>
    </exchange>

    <issuer>
        <cik>0000806085</cik>
        <entityName>LEHMAN BROTHERS HOLDINGS INC</entityName>
        <fileNumber>001-09466</fileNumber>
        <address>
            <street1>745 Seventh Avenue</street1>
            <street2></street2>
            <city>New York</city>
            <stateOrCountryCode>NY</stateOrCountryCode>
            <stateOrCountry>NEW YORK</stateOrCountry>
            <zipCode>10019</zipCode>
        </address>
        <telephoneNumber>2125267000</telephoneNumber>
    </issuer>

    <descriptionClassSecurity>Opta Exchange-Traded Notes due February 25, 2038 Linked to the Lehman Brothers Commodity Index Pure Beta Agricultural Total Return Opta Exchange-Traded Notes due February 25, 2038 Linked to the Lehman Brothers Commodity Index Pure Beta Total Return0.25% Medium Term Notes, Series I, Due February 16, 2012 Performance Linked to a Basket of Two Stock0.00% Medium Term Notes, Series I, Due May 15, 2010 Performance Linked to the Common Stock of General Electric Company (GE) Dow Jones Global Titans 50 IndexSM SUNS Stock Upside Note Securities Due February 9, 2010Dow Jones Industrial Average SUNS Stock Upside Note Securities Due April 29, 2010Index-Plus Notes Due December 23, 2009, Performance Linked to the Russell 2000 INDEX (RTY)Index-Plus Notes Due March 3, 2010, Linked to the S&amp;P 500 Index (SPX)Index-Plus Notes Due November 15, 2009, Linked to the Dow Jones STOXX 50 Index (SX5P)Index-Plus Notes Due September 28, 2009, Performance Linked to S&amp;P 500 Index (SPX)Nikkei 225SM Index SUNS Stock Upside Note Securities Due June 10, 2010S&amp;P 500 Index Callable SUNS Stock Upside Note Securities Due November 6, 2009</descriptionClassSecurity>

    <ruleProvision>17 CFR 240.12d2-2(b)</ruleProvision>

    <signatureData>
        <signatureName>Janice O'Neill</signatureName>
        <signatureTitle>Senior Vice President</signatureTitle>
        <signatureDate>2008-10-21</signatureDate>
    </signatureData>
</notificationOfRemoval>
