TARGET CORP — Director's Dealing 2007

Feb 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2007-02-07

Reporting Person: KOVACEVICH RICHARD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-07	Common Stock, $.0833 per share	M	5694	$26.3438	Acquired	84745.0000	Direct
2007-02-07	Common Stock, $.0833 per share	F	2388	$62.8100	Disposed	82357.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-07	Stock Option	$26.3438	M	5694	Disposed	2009-01-13	Common Stock (5694.0000)	Direct

Footnotes

F1: Option granted under the Director Stock Option Plan of 1995 in a transaction exempt under Rule 16b-3.