TARGET CORP — Director's Dealing 2006

Jun 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2006-06-14

Reporting Person: STEINHAFEL GREGG W (Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-14	Stock Option	$48.1600	A	159884	Acquired	2016-06-14	Common Stock (159884.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0833 per share	138516.0000	Direct
Common Stock, $.0833 per share	3538.1150	Indirect

Footnotes

F1: Shares held in the Target Corporation 401(k) Plan (the "401(k) Plan") based on the plan statement as of March 31, 2006.

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