content: SECURITIES AND EXCHANGE COMMISSION
       Washington, D.C.  20549
  
       FORM 8-K
  
       CURRENT REPORT
       Pursuant to Section 13 or 15(d) of
       the Securities Exchange Act of 1934
  
  
  
  Date of Report (date of earliest event reported):  November 15,
  1994
  
       LEHMAN BROTHERS INC.
       (Exact name of registrant as specified in its charter)
  
       Delaware
       (State or other jurisdiction of incorporation)
  
       1-6817                        13-2518466
  (Commission File Number)      (IRS Employer Identification No.)
  
  
  3 World Financial Center
  New York, New York            10285
  (Address of principal                   (Zip Code)
  executive offices)
  
       Registrant's telephone number, including
       area code: (212) 526-7000
  
       ________________________________________
  
  
  
  Item 5.   Other Events.
  
  Subsidiaries of Lehman Brothers Holdings Inc. (collectively, the
  "Company") initiated two separate actions to recover amounts owed
  in connection with trading activity conducted by two large
  Chinese trading firms, Minmetals International Non-Ferrous Metals
  Trading Company ("Minmetals") and China International United
  Petroleum and Chemicals Company ("Unipec").  The Company seeks to
  recover approximately $53.5 million from Minmetals and/or its
  parent, China National Metals and Minerals Import and Export
  Corporation and approximately $44 million from Unipec.  Trading
  positions held by the companies were liquidated for failure to
  comply with contractual margin obligations.  Since such time,
  extensive discussions were held which did not result in payment
  of the amounts owed.  The Company believes it will be successful
  in recovering these amounts.
  
  
  
       SIGNATURE
  
  
  
       Pursuant to the requirements of the Securities Exchange Act
  of 1934, the Registrant has duly caused this Report to be signed
  on its behalf by the undersigned hereunto duly authorized.
  
  
                                     LEHMAN BROTHERS INC.
  
  
  
  
                                     By:       Robert Matza        
             
                                          Robert Matza
                                          Chief Financial Officer
                                          
  
  
  Date:  November 15, 1994
  ??
  
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2257}]
metadata_filer: {"company-data": {"conformed-name": "LEHMAN BROTHERS INC//", "cik": "0000728586", "assigned-sic": "6211", "irs-number": "132518466", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06817", "film-number": "94560423"}, "business-address": {"street1": "3 WORLD TRADE CENTER", "city": "NEW YORK", "state": "NY", "zip": "10285", "phone": "2122982000"}, "mail-address": {"street1": "2 WORLD TRADE CENTER", "street2": "15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10048"}, "former-company": [{"former-conformed-name": "SHEARSON LEHMAN BROTHERS INC", "date-changed": "19920703"}, {"former-conformed-name": "SHEARSON LEHMAN HUTTON INC /DE/", "date-changed": "19900828"}, {"former-conformed-name": "SHEARSON LEHMAN BROTHERS INC /DE/", "date-changed": "19880323"}]}
text: SECURITIES AND EXCHANGE COMMISSION
       Washington, D.C.  20549
  
       FORM 8-K
  
       CURRENT REPORT
       Pursuant to Section 13 or 15(d) of
       the Securities Exchange Act of 1934
  
  Date of Report (date of earliest event reported):  November 15,
  1994
  
       LEHMAN BROTHERS INC.
       (Exact name of registrant as specified in its charter)
  
       Delaware
       (State or other jurisdiction of incorporation)
  
       1-6817                        13-2518466
  (Commission File Number)      (IRS Employer Identification No.)
  
  3 World Financial Center
  New York, New York            10285
  (Address of principal                   (Zip Code)
  executive offices)
  
       Registrant's telephone number, including
       area code: (212) 526-7000
  
       ________________________________________
  
  Item 5.   Other Events.
  
  Subsidiaries of Lehman Brothers Holdings Inc. (collectively, the
  "Company") initiated two separate actions to recover amounts owed
  in connection with trading activity conducted by two large
  Chinese trading firms, Minmetals International Non-Ferrous Metals
  Trading Company ("Minmetals") and China International United
  Petroleum and Chemicals Company ("Unipec").  The Company seeks to
  recover approximately $53.5 million from Minmetals and/or its
  parent, China National Metals and Minerals Import and Export
  Corporation and approximately $44 million from Unipec.  Trading
  positions held by the companies were liquidated for failure to
  comply with contractual margin obligations.  Since such time,
  extensive discussions were held which did not result in payment
  of the amounts owed.  The Company believes it will be successful
  in recovering these amounts.
  
       SIGNATURE
  
       Pursuant to the requirements of the Securities Exchange Act
  of 1934, the Registrant has duly caused this Report to be signed
  on its behalf by the undersigned hereunto duly authorized.
  
                                     LEHMAN BROTHERS INC.
  
                                     By:       Robert Matza        
             
                                          Robert Matza
                                          Chief Financial Officer
                                          
  
  Date:  November 15, 1994
  ??
  
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