TARGET CORP — Director's Dealing 2004

Jan 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2004-01-14

Reporting Person: KOVACEVICH RICHARD M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-14	Stock option	$38.25	A	10458	Acquired	2014-01-14	Common stock (10458)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $.0833 per share	58469	Direct

Footnotes

F1: Option granted under the Target Corporation Long-Term Incentive Plan of 1999 in a transaction exempt under Rule 16b-3.