TARGET CORP — Director's Dealing 2005

Mar 15, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2005-03-15

Reporting Person: HOOPER MICHELE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-15	Common Stock, $.0833 per share	M	8616	$5.8073	Acquired	29068.2330	Direct
2005-03-15	Common Stock, $.0833 per share	M	7056	$7.0886	Acquired	36124.2330	Direct
2005-03-15	Common Stock, $.0833 per share	S	15672	$52.2717	Disposed	20452.2330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-15	Stock Option	$5.8073	M	8616	Disposed	2005-05-24	Common Stock (8616.0000)	Direct
2005-03-15	Stock Option	$7.0886	M	7056	Disposed	2006-04-10	Common Stock (7056.0000)	Direct

Footnotes

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

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