TARGET CORP — Director's Dealing 2006

Jan 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2006-01-11

Reporting Person: DARDEN CALVIN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-11	Stock Option	$53.9800	A	3706	Acquired	2016-01-11	Common Stock (3706.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0833 per share	2901.0000	Direct

Footnotes

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