TARGET CORP — Director's Dealing 2008

Jan 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2008-01-14

Reporting Person: ULRICH ROBERT J (Director, Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-14	Common Stock	J	151014	$49.73	Acquired	362813	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11146.6563	Indirect
Common Stock	409589	Indirect

Footnotes

F1: Acquisition of shares from GRAT that were previously reported as indirectly owned.

F2: Represents the weighted average purchase price. Range of purchase prices was from $49.25 to $50.02.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2007.

F4: Reflects changes in the form of ownership since the date of the reporting person's last filing.