Developing a lattice that contains a very low beta value at the interaction point (IP) and has adequate dy namic aperture ia one of the major challenges in design ing the PEP-II asymmetric B-factory. For the Low En ergy Ring (LER) we have studied several different chro matic correction schemes since the conceptual design report (CDR) [1], Based on these studies, a hybrid solution with local and semi-local chromatic sextupoles has been selected as the new baseline lattice to replace the local scheme in the CDR [2]. The new design simplifies the interaction re gion (IR) and reduces the number of sextupoles in the arcs. Arc sextupoles are paired at IT phase difference and are not interleaved. In this paper we describe the baseline lattice with the emphasis on the lattice changes made since the CDR.