NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-09466

Issuer:	LEHMAN BROTHERS HOLDINGS INC
Exchange:	NYSE Alternext US LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	745 Seventh Avenue
	New York	NEW YORK	10019
Telephone number:				2,125,267,000

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

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&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&P 500 Index (SPX)Nikkei 225SM Index SUNS Stock Upside Note Securities Due June 10, 2010S&P 500 Index Callable SUNS Stock Upside Note Securities Due November 6, 2009

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NYSE Alternext US LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2008-10-21	By	Janice O'Neill		Senior Vice President
Date		Name		Title

¹	Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

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