TARGET CORP — Director's Dealing 2005

Jan 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2005-01-12

Reporting Person: TAMKE GEORGE W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-12	Stock Option	$49.4300	A	8093	Acquired	2015-01-12	Common Stock (8093.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0833 per share	5055.0000	Direct

Footnotes

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