TARGET CORP — Director's Dealing 2007

Jan 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2007-01-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-17	Common Stock, $.0833 per share	M	3000	$10.7657	Acquired	22439.0000	Direct
2007-01-17	Common Stock, $.0833 per share	S	3000	$60.3450	Disposed	19439.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-17	Stock Option	$10.7657	M	3000	Disposed	2007-04-09	Common Stock (3000.0000)	Direct

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 $60.32 to $60.35 per share.

F2: Option granted under the Target Corporation Executive Long-Term Incentive Plan of 1981 in a transaction exempt under Rule 16b-3.