TARGET CORP — Director's Dealing 2004

Oct 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2004-10-11

Reporting Person: SINGER PAUL (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-11	Common Stock, $.0833 per share	M	28512	$9.3438	Acquired	28512	Direct
2004-10-11	Common Stock, $.0833 per share	S	28512	$47.8405	Disposed	0	Direct
2004-10-11	Common Stock, $.0833 per share	M	28908	$17.2969	Acquired	28908	Direct
2004-10-11	Common Stock, $.0833 per share	S	28908	$47.8405	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-11	Stock Option	$9.3438	M	1756	Disposed	2007-01-08	Common Stock (1756)	Direct
2004-10-11	Stock Option	$9.3438	M	13378	Disposed	2007-01-08	Common Stock (13378)	Direct
2004-10-11	Stock Option	$9.3438	M	13378	Disposed	2007-01-08	Common Stock (13378)	Direct
2004-10-11	Stock Option	$17.2969	M	7227	Disposed	2008-01-14	Common Stock (7227)	Direct
2004-10-11	Stock Option	$17.2969	M	7227	Disposed	2008-01-14	Common Stock (7227)	Direct
2004-10-11	Stock Option	$17.2969	M	7227	Disposed	2008-01-14	Common Stock (7227)	Direct
2004-10-11	Stock Option	$17.2969	M	7227	Disposed	2008-01-14	Common Stock (7227)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0833 per share	18387.674	Indirect

Footnotes

F1: Shares held in the Target Corporation 401(k) Plan (the "401(k) Plan") as of January 31, 2004, subject to adjustments.

F2: Option granted under the Target Corporation Long-Term Incentive Plan of 1981 in a transaction exempt under Rule 16b-3.