EXHIBIT (12)

TARGET CORPORATION

Computations of Ratios of Earnings to Fixed Charges for the

Three Months Ended May 3, 2008 and May 5, 2007

and for the Most Recent Five Fiscal Years

	Three Months Ended						Fiscal Year Ended
	May 3,			May 5,			Feb. 2,			Feb. 3,			Jan. 28,			Jan. 29,			Jan. 31,
(millions)	2008			2007			2008			2007			2006			2005			2004
Ratio of Earnings to Fixed Charges
Earnings from continuing operations
before tax	$	957		$	1,064		$	4,625		$	4,497		$	3,860		$	3,031		$	2,603
Capitalized Interest	(14		)	(21		)	(66		)	(47		)	(42		)	(18		)	(8		)
Adjusted earnings from continuing
operations before income tax	943			1,043			4,559			4,450			3,818			3,013			2,595
Fixed charges:
Interest expense (a)	226			159			747			646			532			607			569
Interest portion of rental expense	25			23			94			88			84			85			68
Total fixed charges	251			182			841			734			616			692			637
Earnings from continuing operations
before income taxes and fixed
Charges	$	1,194		$	1,225		$	5,400		$	5,184		$	4,434		$	3,705		$	3,232
Ratio of earnings to fixed charges	4.75			6.72			6.42			7.06			7.21			5.35			5.07

Note: Computation is based on continuing operations.

(a) Includes interest on debt and capital leases (including capitalized interest) and amortization of debt issuance costs.  Excludes interest income and interest associated with unrecognized tax benefits, which is recorded within income tax expense.