TARGET CORP — Director's Dealing 2007

Dec 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2007-12-21

Reporting Person: TRUJILLO SOLOMON D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-21	Common Stock	M	4692	$21.3204	Acquired	38024	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-21	Stock Option	$21.3204	M	4692	Disposed	2008-04-08	Common Stock (4692)	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 Director Stock Option Plan of 1995 in a transaction exempt under Rule 16b-3.