TARGET CORP — Director's Dealing 2007

Jun 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2007-06-05

Reporting Person: SCOVANNER DOUGLAS A (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-05	Common Stock	M	118166	$33.8512	Acquired	258064	Direct
2007-06-05	Common Stock	D	118166	$63.9024	Disposed	139898	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-05	Stock Option	$33.8512	M	118166	Disposed	2010-01-12	Common Stock (118166)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.0833 per share	7473.1354	Indirect
Common Stock, $.0833 per share	3000	Indirect

Footnotes

F1: Price is the weighted average selling price of all sales by the reporting person on
the transaction date. The range of selling prices was $63.8900 to $63.9400 per share.

F2: Shares held in the Target Corporation 401(k) Plan based on the plan statement as
of March 31, 2007.

F3: Shares held in a trust of which Mr. Scovanner is a trustee.

F4: Option granted on January 12, 2000. Option vests and becomes exercisable in
25% increments on each anniversary of the grant date.

F5: Option granted under the Target Corporation Long-Term Incentive Plan in a
transaction exempt under Rule 16b-3.