TARGET CORP — Director's Dealing 2006

Dec 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2006-12-15

Reporting Person: KOVACEVICH RICHARD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-15	Common Stock, $.0833 per share	M	4692	$21.3204	Acquired	80731.0000	Direct
2006-12-15	Common Stock, $.0833 per share	F	1683	$59.4100	Disposed	79048.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-15	Stock Option	$21.3204	M	4692	Disposed	2008-04-08	Common Stock (4692.0000)	Direct

Footnotes

F1: Option granted under the Director Stock Option Plan of 1995 in a transaction exempt under Rule 16b-3.