TARGET CORP — Director's Dealing 2004

Dec 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2004-12-01

Reporting Person: ENRICO ROGER A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-01	Common Stock, $.0833 per share	M	8616	$5.8073	Acquired	21369	Direct
2004-12-01	Common Stock, $.0833 per share	S	8616	$51.7405	Disposed	12753	Direct
2004-12-01	Common Stock, $.0833 per share	M	7056	$7.0886	Acquired	19809	Direct
2004-12-01	Common Stock, $.0833 per share	S	7056	$51.7405	Disposed	12753	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-01	Stock Option	$5.8073	M	8616	Disposed	2005-05-24	Common Stock (8616)	Direct
2004-12-01	Stock Option	$7.0886	M	7056	Disposed	2006-04-10	Common Stock (7056)	Direct

Footnotes

F1: Option granted under the Target Corporation Long-Term Incentive Plan of 1981 in a transaction exempt under Rule 16b-3.