TARGET CORP — Director's Dealing 2006

Oct 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2006-10-13

Reporting Person: KOVACEVICH RICHARD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-13	Common Stock, $.0833 per share	M	9292	$10.7657	Acquired	77720.0000	Direct
2006-10-13	Common Stock, $.0833 per share	F	1681	$59.5000	Disposed	76039.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-13	Stock Option	$10.7657	M	9292	Disposed	2007-04-09	Common Stock (9292.0000)	Direct

Footnotes

F1: Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing that have been reinvested in additional restricted stock units.

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