X0201 4 2004-03-12 0 0000027419 TARGET CORP TGT 0001201728 GRIFFITH JOHN D 1000 NICOLLET MALL MINNEAPOLIS MN 55403 0 1 0 0 Executive Officer Common Stock, $.0833 per share 2004-03-12 2004-03-15 4 I 0 290.5748 45.63 A 2852.8096 I By 401(k) Plan Deferred Compensation Units 2004-03-12 2004-03-15 4 A 0 3166.3173 77.149 A Common Stock 4879.3193 D Shares held in the Target Corporation 401(k) Plan (the "401(k) Plan") as of March 12, 2004, subject to adjustments. Acquired pursuant to the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants are invested in units which reflect the value of the amount of compensation deferred. The value of the units reported is adjusted to reflect approximately the rate of return of Target Corporation common stock plus a 2% annual enhancement. The units are not convertible into Target Corporation common stock, nor is any specific number of shares of such stock deemed to underlie each unit. Amounts deemed invested in units whose value is derived from Target Corporation stock may be transferred into other investment alternatives under the Plan. Units reported are payable only in cash generally following termination of the reporting person's service as an executive of Target Corporation. Jeffrey A. Proulx, Attorney-In-Fact 2004-03-17