EXHIBIT (12)

TARGET CORPORATION

Computations of Ratios of Earnings to Fixed Charges for the

Three Months Ended May 5, 2007 and April 29, 2006

and for the Most Recent Five Fiscal Years

	Three Months Ended				Fiscal Year Ended
	May 5,		April 29,		Feb. 3,		Jan. 28,		Jan. 29,		Jan. 31,		Feb. 1,
(millions)	2007		2006		2007		2006		2005		2004		2003
Ratio of Earnings to Fixed Charges
Earnings
Net earnings	$	651	$	554	$	2,787	$	2,408	$	3,198	$	1,809	$	1,623
Earnings from discontinued operations, net of taxes	-		-		-		-		(75)		(190)		(247)
Gain on disposal of discontinued operations, net of taxes	-		-		-		-		(1,238)		-		-
Provision for income taxes	413		332		1,710		1,452		1,146		984		851
Earnings from continuing operations before income tax	1,064		886		4,497		3,860		3,031		2,603		2,227
Fixed charges
Interest expense (a)	159		152		646		532		607		569		618
Interest portion of rental expense	23		22		88		84		85		68		48
Total fixed charges	182		174		734		616		692		637		666
Plus: Amortization of capitalized interest	-		-		2		-		-		-		-
Less: Capitalized interest	(21)		(10)		(49)		(42)		(18)		(8)		(13)
Fixed charges in earnings	161		164		687		574		674		629		653
Earnings available for fixed charges	$	1,225	$	1,050	$	5,184	$	4,434	$	3,705	$	3,232	$	2,880
Ratio of earnings to fixed charges	6.72		6.03		7.06		7.21		5.35		5.07		4.33

Note: Computation is based on continuing operations.

(a)  Excludes interest associated with unrecognized tax benefits, which is recorded within income tax expense.