QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman Brothers Holdings, Medium-Term Notes Series G, 0.25% Notes, due 12/6/2011 and linked to the performance of a basket of Two Healthcare Stocks, Humana Inc. (NYSE: HUM) and PacifiCare Health Systems, Inc. (NYSE: PHS). The notes pay 0.25% ($2.50) interest semiannually on 6/6 & 12/6 to holders of record 15 calendar days prior to the payment date. At maturity the holder will receive a cash payment based on the performance over the term of the notes. The initial value of the basket is $100 and the threshold value is $117. The initial multipliers are 2.033347 for Humana and 1.044277 for PacifiCare and these values are subject to adjustment. At maturity, the holder will receive a minimum of the $1000 principal amount or $1000 times the ending basket value divided by the threshold value. See page PS-3 of the prospectus for examples of the calculation of the maturity payment. The notes are senior unsecured debt securities of Lehman Brothers Holdings and will rank equally with all other unsecured debt of the company. See the IPO Prospectus for further information on the maturity payment, the basket stocks, and the notes by clicking on the ‘Link to IPO Prospectus’ provided below.

Company's Online Information Links

HOME PAGE:     http://www.lehman.com/ (This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Inv Rel Email Address	sbutler@lehman.com
General Email Address	inquiry@lehman.com

Address and Phone Numbers

Address:   745 Seventh Avenue, 15th Floor, New York, NY 10019
Main Phone Number	212-526-7000
Fax Number	212-526-3738
Investor Relations   Shaun Butler	212-526-8381
Toll Free Phone Number	800-666-2388

CEO - Richard S. Fuld, Jr.

CFO - David Goldfarb