TARGET CORP — Director's Dealing 2006

Apr 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2006-04-04

Reporting Person: JOHNSON JAMES A /DC/ (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-04	Common Stock, $.0833 per share	M	3556	$7.0886	Acquired	20672.0000	Direct
2006-04-04	Common Stock, $.0833 per share	S	3556	$51.5382	Disposed	17116.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-04	Stock Option	$7.0886	M	3556	Disposed	2006-04-10	Common Stock (3556.0000)	Direct

Footnotes

F1: Option granted under the Target Corporation Long-Term Incentive Plan of 1981 in a transaction exempt under Rule 16b-3.