X0202 4 2006-05-18 0 0000027419 TARGET CORP TGT 0001290220 Baer Timothy R 1000 NICOLLET MALL MINNEAPOLIS MN 55403 0 1 0 0 Executive Officer Common Stock, $.0833 per share 200.0000 D Common Stock, $.0833 per share 5773.3494 I By 401(k) Plan Deferred Compensation Units 2006-05-18 4 I 0 10016.825 81.2795 A Common Stock 10016.8250 10016.8250 D Based in part on the plan statement as of March 31, 2006. 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 at any time. Units reported are payable only in cash generally following termination of the reporting person's service as an executive of Target Corporation. By: Timothy R. Baer 2006-05-19