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<p align="right" style="font-weight:bold;margin:6.0pt 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registration No.
333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>

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<p style="border:none;font-weight:bold;margin:6.0pt 0in .0001pt;padding:0in;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

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<p style="font-weight:bold;margin:6.0pt 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UNITED STATES</font></b></p>

<p style="font-weight:bold;margin:6.0pt 0in 2.0pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">SECURITIES AND EXCHANGE
COMMISSION</font></b></p>

<p style="font-weight:bold;margin:0in 0in 6.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, D.C. 20549<br>
</font></b></p>

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<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM S-8</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933</font></b></p>

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<p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">LEHMAN BROTHERS HOLDINGS INC.</font></b></p>

<p style="font-weight:bold;margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact
name of registrant as specified in its charter)</font></b></p>

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<table border="0" cellspacing="0" cellpadding="0" width="80%" style="border-collapse:collapse;width:80.0%;">
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.54%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p></td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.38%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
  <td width="42%" valign="top" style="padding:0in .7pt 0in .7pt;width:42.08%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13-3216325</font></b></p></td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.54%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(State or other jurisdiction of</font></b></p></td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.38%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
  <td width="42%" valign="top" style="padding:0in .7pt 0in .7pt;width:42.08%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(I.R.S. Employer</font></b></p></td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in .7pt 0in .7pt;width:53.54%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">incorporation or organization)</font></b></p></td>
  <td width="4%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:4.38%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
  <td width="42%" valign="top" style="padding:0in .7pt 0in .7pt;width:42.08%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Identification Number)</font></b></p></td>
 </tr>
</table>

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<p style="margin:6.0pt 0in;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">745 Seventh Avenue</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New York, New York 10019</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Address of principal executive offices)</font></b></p><p style="margin:6.0pt 0in;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">LEHMAN BROTHERS HOLDINGS INC. 2005 STOCK INCENTIVE PLAN</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Full title of the plan)</font></b></p><p style="margin:6.0pt 0in;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Thomas A. Russo, Esq.</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lehman Brothers Holdings Inc.</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">745 Seventh Avenue</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New York, New York 10019</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Name and address of agent for service)</font></b></p>

<div style="font-weight:bold;margin:6.0pt 0in;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></b></div>

<p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Copy to:</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Jeffrey A. Welikson, Esq.</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lehman Brothers Holdings Inc.</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1301 Avenue of the Americas</font></b></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New York, New York 10019</font></b></p>

<div style="font-weight:bold;margin:6.0pt 0in;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></b></div>

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="font-weight:bold;margin:0in 0in 6.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CALCULATION OF REGISTRATION FEE</font></b></p>

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<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="29%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:29.34%;">
  <p align="center" style="margin:0in 0in .0001pt 10.0pt;text-align:center;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of securities to be <br>
  registered(1)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.78%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:8.0pt;font-weight:bold;padding:0in;">Amount to be <br>
  registered(2)(3)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:8.0pt;font-weight:bold;padding:0in;">Proposed maximum <br>
  offering price per <br>
  share(4)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:18.66%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:8.0pt;font-weight:bold;padding:0in;">Proposed maximum<br>
  aggregate offering <br>
  price(4)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.96%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:8.0pt;font-weight:bold;padding:0in;">Amount of<br>
  registration fee(5)</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:29.34%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Common Stock, $.10 par value</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:12.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">75,000,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:16.74%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$60.57</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:18.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$4,542,750,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:14.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$139,462.43</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.34%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">28,000,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:16.74%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$60.57</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:18.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$1,695,960,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:14.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$52,065.97</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.34%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:12.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">4,500,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:16.74%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$60.57</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:18.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$272,565,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:14.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$8,367.75</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.34%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Total</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:12.78%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">107,500,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="16%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:16.74%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$60.57</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:18.66%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$6,511,275,000</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.54%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
  <td width="14%" valign="bottom" style="border:none;border-bottom:double windowtext 1.5pt;padding:0in .7pt 0in .7pt;width:14.96%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:10.0pt;font-weight:bold;padding:0in;">$199,896.15</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="border:solid white 1.0pt;font-size:1.0pt;font-weight:bold;padding:0in;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Courier" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></p></div>
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<div><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in 6.0pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="left">

</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  securities to be registered include options and rights to acquire common
  stock.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This
  Registration Statement registers the issuance of 107,500,000 shares of common
  stock, par value $0.10 (&#147;Common Stock&#148;), of Lehman Brothers Holdings Inc.
  (the &#147;Registrant&#148;). Such number of shares represents an aggregate number of
  shares issuable pursuant to the Lehman Brothers Holdings Inc. 2005 Stock
  Incentive Plan (the &#147;Stock Incentive Plan&#148;), as follows: (A) 75,000,000 shares
  available for issuance that are among the shares expressly identified in the
  Stock Incentive Plan; (B) 28,000,000 shares (adjusted to give effect for the
  2-for-1 stock split, effected in the form of a 100% stock dividend, which
  became effective April 28, 2006 (the &#147;Stock Split&#148;)) that, on the date that
  was immediately prior to the date of the expiration of the Lehman Brothers
  Holdings Inc. Employee Incentive Plan (the &#147;Employee Incentive Plan&#148;), were
  available for issuance and not otherwise subject to outstanding awards
  granted under the Employee Incentive Plan or that, as of such expiration
  date, were subject to awards granted and outstanding under the Employee
  Incentive Plan but which were subsequently not payable or distributable under
  such awards under any of the circumstances described in the Stock Incentive
  Plan; and (C) 4,500,000 shares (adjusted to give effect for the Stock Split)
  that, on the date that was immediately prior to the date of the expiration of
  the Lehman Brothers Holdings Inc. 1996 Management Ownership Plan (the
  &#147;Management Ownership Plan&#148;), were available for issuance and not otherwise
  subject to outstanding awards granted under the Management Ownership Plan or
  that, as of such expiration date, were subject to awards granted and outstanding
  under the Management Ownership Plan but which were subsequently not payable
  or distributable under such awards under any of the circumstances described
  in the Stock Incentive Plan.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
  to Rule 416(a) under the Securities Act of 1933, this Registration Statement
  also covers any additional securities that may be offered or issued in
  connection with any stock split, stock dividend or similar transaction.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
  to Rule 457(h) under the Securities Act of 1933, the proposed maximum
  offering price per share, the proposed maximum aggregate offering price and
  the amount of registration fee have been computed on the basis of the average
  of the high and low prices per share of Common Stock on the New York Stock
  Exchange on November 19, 2007.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.2%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.7%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="94%" valign="top" style="padding:0in .7pt 0in .7pt;width:94.1%;">
  <p style="margin-left:0in;margin-right:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$52,065.97
  of the filing fee for Common Stock registered herein is offset pursuant to
  Rule 457(p) of the Securities Act of 1933 by filing fees previously paid with
  respect to unsold shares registered pursuant to the Registration Statement on
  Form S-8 filed by the Registrant, on December 13, 2004 for the Employee
  Incentive Plan (Registration No. 333-121193).</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:6.0pt 0in;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></p><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
accordance with General Instruction E of Form S-8, this Registration Statement
is registering additional securities of the same class as registered under the
Registrant&#146;s effective Registration Statement on Form S-8, No. 333-130161,
filed by the Registrant on December 6, 2005 (the &#147;Earlier Registration
Statement&#148;).&#160; The contents of the Earlier
Registration Statement are hereby incorporated by reference.</font></p>

<p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;"><p style="border:none;margin:0in 0in .0001pt .25in;padding:0in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></div>

<p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></p></div>
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<div><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART II</font></b></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></b></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt 24.0pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following information is not included in the Earlier Registration Statement and is therefore included herewith:</font></p><p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL</font></p><p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt 24.0pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Karen B. Corrigan, Vice President and Assistant Secretary of the Registrant, has rendered an opinion to the effect that, under applicable state law, the shares of Common Stock to which this Registration Statement relates will be, when issued, validly issued, fully paid and nonassessable.&#160; Ms. Corrigan beneficially owns, or has the right to acquire under the Registrant&#146;s employee benefit plans, an aggregate of less than 1% of the Registrant&#146;s Common Stock.</font></p><p style="margin:0in 0in .0001pt 24.0pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt 24.0pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt 24.0pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></p></div>
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<div><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SIGNATURE PAGE</font></p><p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt 24.0pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on November 20, 2007.</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="50%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LEHMAN BROTHERS HOLDINGS INC.</font></p></td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.56%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="43%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:43.44%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.56%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p></td>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:32.8%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Karen B. Corrigan</font></p></td>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.64%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.56%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p></td>
  <td width="43%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:43.44%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Karen B. Corrigan</font></p></td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.56%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p></td>
  <td width="43%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:43.44%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President and Assistant Secretary</font></p></td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></p></div>
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<br clear="all" style="page-break-before:always;">


<div><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">POWER OF
ATTORNEY</font></b></p>

<p align="left" style="margin:0in 0in 12.0pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; KNOW ALL MEN BY THESE PRESENTS, that each person
whose signature appears below hereby constitutes and appoints Thomas A. Russo,
Jeffrey A. Welikson and Karen B. Corrigan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all
capacities, in connection with this Registration Statement, to sign any and all
amendments or supplements to the Registration Statement, including
post-effective amendments, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and does hereby grant unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them, or
their or his substitutes, may lawfully do or cause to be done by virtue hereof.</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.</font></p><p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.72%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signature</font></b></p></td>
  <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.24%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="21%" valign="top" style="padding:0in .7pt 0in .7pt;width:21.68%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.24%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Title</font></b></p></td>
  <td width="21%" valign="top" style="padding:0in .7pt 0in .7pt;width:21.06%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.92%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="5%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:5.24%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date</font></b></p></td>
  <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.72%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Richard S. Fuld, Jr.</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Board of Directors </font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard S. Fuld, Jr.</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Executive Officer</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(principal executive officer)</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Christopher M. O&#146;Meara</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer, Controller </font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Christopher M. O&#146;Meara</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and Executive Vice President</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(principal financial and accounting officer)</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Michael L. Ainslie</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michael L. Ainslie</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John F. Akers</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John F. Akers</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Roger S. Berlind</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roger S. Berlind</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Thomas H. Cruikshank</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas H. Cruikshank</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Marsha Johnson Evans</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Marsha Johnson Evans</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Christopher Gent</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sir Christopher Gent</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Roland A. Hernandez</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roland A. Hernandez</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Henry Kaufman</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Henry Kaufman</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:30.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John D. Macomber</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p></td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 20, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="30%" colspan="3" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.38%;"><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Macomber</font></p></td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:1.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:17.88%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></p></div>
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<br clear="all" style="page-break-before:always;">


<div><p style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXHIBIT INDEX</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p><p style="margin:0in 0in .0001pt .25in;text-align:center;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><a name="TableHead"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit</font></b></a></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description of Exhibit</font></b></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number</font></b></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion (and consent) of Karen B. Corrigan, Vice President and Assistant Secretary of Lehman Brothers Holdings Inc., as to the validity of the shares of Common Stock to which this Registration Statement relates.</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Karen B. Corrigan, Vice President and Assistant Secretary of Lehman Brothers Holdings Inc. (included in Exhibit 5.1).</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Ernst &amp; Young, LLP, Independent Registered Public Accounting Firm.</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p></td>
 </tr>
 <tr>
  <td width="10%" valign="top" style="padding:0in .7pt 0in .7pt;width:10.42%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.1</font></p></td>
  <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.58%;"><p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney (included in the signature page to this Registration Statement).</font></p></td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt .25in;text-align:right;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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{"company-data": {"conformed-name": "LEHMAN BROTHERS HOLDINGS INC", "cik": "0000806085", "assigned-sic": "6211", "irs-number": "133216325", "state-of-incorporation": "DE", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-147545", "film-number": "071260436"}, "business-address": {"street1": "LEHMAN BROTHERS", "street2": "745 SEVENTH AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10019", "phone": "2125267000"}, "mail-address": {"street1": "LEHMAN BROTHERS", "street2": "745 SEVENTH AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10019"}, "former-company": {"former-conformed-name": "SHEARSON LEHMAN HUTTON HOLDINGS INC", "date-changed": "19901017"}}
Registration No.
333-
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933
LEHMAN BROTHERS HOLDINGS INC.
(Exact
name of registrant as specified in its charter)
Delaware
13-3216325
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification Number)
745 Seventh Avenue
New York, New York 10019
(Address of principal executive offices)
LEHMAN BROTHERS HOLDINGS INC. 2005 STOCK INCENTIVE PLAN
(Full title of the plan)
Thomas A. Russo, Esq.
Lehman Brothers Holdings Inc.
745 Seventh Avenue
New York, New York 10019
(Name and address of agent for service)
Copy to:
Jeffrey A. Welikson, Esq.
Lehman Brothers Holdings Inc.
1301 Avenue of the Americas
New York, New York 10019
CALCULATION OF REGISTRATION FEE
Title of securities to be
registered(1)
Amount to be
registered(2)(3)
Proposed maximum
offering price per
share(4)
Proposed maximum
aggregate offering
price(4)
Amount of
registration fee(5)
Common Stock, $.10 par value
75,000,000
$60.57
$4,542,750,000
$139,462.43
28,000,000
$60.57
$1,695,960,000
$52,065.97
4,500,000
$60.57
$272,565,000
$8,367.75
Total
107,500,000
$60.57
$6,511,275,000
$199,896.15
(1)
The
  securities to be registered include options and rights to acquire common
  stock.
(2)
This
  Registration Statement registers the issuance of 107,500,000 shares of common
  stock, par value $0.10 ("Common Stock"), of Lehman Brothers Holdings Inc.
  (the "Registrant"). Such number of shares represents an aggregate number of
  shares issuable pursuant to the Lehman Brothers Holdings Inc. 2005 Stock
  Incentive Plan (the "Stock Incentive Plan"), as follows: (A) 75,000,000 shares
  available for issuance that are among the shares expressly identified in the
  Stock Incentive Plan; (B) 28,000,000 shares (adjusted to give effect for the
  2-for-1 stock split, effected in the form of a 100% stock dividend, which
  became effective April 28, 2006 (the "Stock Split")) that, on the date that
  was immediately prior to the date of the expiration of the Lehman Brothers
  Holdings Inc. Employee Incentive Plan (the "Employee Incentive Plan"), were
  available for issuance and not otherwise subject to outstanding awards
  granted under the Employee Incentive Plan or that, as of such expiration
  date, were subject to awards granted and outstanding under the Employee
  Incentive Plan but which were subsequently not payable or distributable under
  such awards under any of the circumstances described in the Stock Incentive
  Plan; and (C) 4,500,000 shares (adjusted to give effect for the Stock Split)
  that, on the date that was immediately prior to the date of the expiration of
  the Lehman Brothers Holdings Inc. 1996 Management Ownership Plan (the
  "Management Ownership Plan"), were available for issuance and not otherwise
  subject to outstanding awards granted under the Management Ownership Plan or
  that, as of such expiration date, were subject to awards granted and outstanding
  under the Management Ownership Plan but which were subsequently not payable
  or distributable under such awards under any of the circumstances described
  in the Stock Incentive Plan.
(3)
Pursuant
  to Rule 416(a) under the Securities Act of 1933, this Registration Statement
  also covers any additional securities that may be offered or issued in
  connection with any stock split, stock dividend or similar transaction.
(4)
Pursuant
  to Rule 457(h) under the Securities Act of 1933, the proposed maximum
  offering price per share, the proposed maximum aggregate offering price and
  the amount of registration fee have been computed on the basis of the average
  of the high and low prices per share of Common Stock on the New York Stock
  Exchange on November 19, 2007.
(5)
$52,065.97
  of the filing fee for Common Stock registered herein is offset pursuant to
  Rule 457(p) of the Securities Act of 1933 by filing fees previously paid with
  respect to unsold shares registered pursuant to the Registration Statement on
  Form S-8 filed by the Registrant, on December 13, 2004 for the Employee
  Incentive Plan (Registration No. 333-121193).
In
accordance with General Instruction E of Form S-8, this Registration Statement
is registering additional securities of the same class as registered under the
Registrant's effective Registration Statement on Form S-8, No. 333-130161,
filed by the Registrant on December 6, 2005 (the "Earlier Registration
Statement").  The contents of the Earlier
Registration Statement are hereby incorporated by reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
The following information is not included in the Earlier Registration Statement and is therefore included herewith:
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Karen B. Corrigan, Vice President and Assistant Secretary of the Registrant, has rendered an opinion to the effect that, under applicable state law, the shares of Common Stock to which this Registration Statement relates will be, when issued, validly issued, fully paid and nonassessable.  Ms. Corrigan beneficially owns, or has the right to acquire under the Registrant's employee benefit plans, an aggregate of less than 1% of the Registrant's Common Stock.
SIGNATURE PAGE
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on November 20, 2007.
LEHMAN BROTHERS HOLDINGS INC.
By:
/s/ Karen B. Corrigan
Name:
Karen B. Corrigan
Title:
Vice President and Assistant Secretary
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person
whose signature appears below hereby constitutes and appoints Thomas A. Russo,
Jeffrey A. Welikson and Karen B. Corrigan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all
capacities, in connection with this Registration Statement, to sign any and all
amendments or supplements to the Registration Statement, including
post-effective amendments, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and does hereby grant unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as he might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them, or
their or his substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Richard S. Fuld, Jr.
Chairman of the Board of Directors
November 20, 2007
Richard S. Fuld, Jr.
and
Chief Executive Officer
(principal executive officer)
/s/ Christopher M. O'Meara
Chief Financial Officer, Controller
November 20, 2007
Christopher M. O'Meara
and Executive Vice President
(principal financial and accounting officer)
/s/ Michael L. Ainslie
Director
November 20, 2007
Michael L. Ainslie
/s/ John F. Akers
Director
November 20, 2007
John F. Akers
/s/ Roger S. Berlind
Director
November 20, 2007
Roger S. Berlind
/s/ Thomas H. Cruikshank
Director
November 20, 2007
Thomas H. Cruikshank
/s/ Marsha Johnson Evans
Director
November 20, 2007
Marsha Johnson Evans
/s/ Christopher Gent
Director
November 20, 2007
Sir Christopher Gent
/s/ Roland A. Hernandez
Director
November 20, 2007
Roland A. Hernandez
/s/ Henry Kaufman
Director
November 20, 2007
Henry Kaufman
/s/ John D. Macomber
Director
November 20, 2007
John D. Macomber
EXHIBIT INDEX
Exhibit
Description of Exhibit
Number
5.1
Opinion (and consent) of Karen B. Corrigan, Vice President and Assistant Secretary of Lehman Brothers Holdings Inc., as to the validity of the shares of Common Stock to which this Registration Statement relates.
23.1
Consent of Karen B. Corrigan, Vice President and Assistant Secretary of Lehman Brothers Holdings Inc. (included in Exhibit 5.1).
23.2
Consent of Ernst & Young, LLP, Independent Registered Public Accounting Firm.
24.1
Power of Attorney (included in the signature page to this Registration Statement).