TARGET CORP — Director's Dealing 2008

Mar 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2008-03-12

Reporting Person: Baer Timothy R (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-12	Common Stock	A	17044	—	Acquired	26991	Direct
2008-03-12	Common Stock	F	7278	$51.68	Disposed	19713	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	359.5782	Indirect

Footnotes

F1: Acquired pursuant to the settlement of a performance share unit award granted under Target's Long-term Incentive Plan in a transaction exempt under Rule 16b-3.

F2: 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.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 12, 2008.