TARGET CORP - Director's Dealing 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2005-04-11

Reporting Person: MULCAHY ANNE M (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-11	Common Stock, $.0833 per share	M	4692	$21.3204	Acquired	11527.0000	Direct
2005-04-11	Common Stock, $.0833 per share	S	4692	$49.8694	Disposed	6835.0000	Direct
2005-04-11	Common Stock, $.0833 per share	M	5694	$26.3438	Acquired	12529.0000	Direct
2005-04-11	Common Stock, $.0833 per share	S	5694	$49.8694	Disposed	6835.0000	Direct
2005-04-11	Common Stock, $.0833 per share	M	8864	$33.8512	Acquired	15699.0000	Direct
2005-04-11	Common Stock, $.0833 per share	S	8864	$49.8694	Disposed	6835.0000	Direct
2005-04-11	Common Stock, $.0833 per share	M	11767	$33.9956	Acquired	18602.0000	Direct
2005-04-11	Common Stock, $.0833 per share	S	11767	$49.8694	Disposed	6835.0000	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-11	Stock Option	$21.3204	M	4692	Disposed	2008-04-08	Common Stock (4692.0000)	Direct
2005-04-11	Stock Option	$26.3438	M	5694	Disposed	2009-01-13	Common Stock (5694.0000)	Direct
2005-04-11	Stock Option	$33.8512	M	8864	Disposed	2010-01-12	Common Stock (8864.0000)	Direct
2005-04-11	Stock Option	$33.9956	M	11767	Disposed	2011-01-10	Common Stock (11767.0000)	Direct

F1: Price is the weighted average selling price of all sales by the reporting person on the transaction date.

F2: Option granted under the Director Stock Option Plan of 1995 in a transaction exempt under Rule 16b-3.

F3: Option granted under the Target Corporation Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.