SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Jacob Beth M

(Last)

(First)

(Middle)

1000 NICOLLET MALL

(Street)

MINNEAPOLIS

55403

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2008

3. Issuer Name and Ticker or Trading Symbol
TARGET CORP [ TGT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,394.5173⁽¹⁾	I	By 401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Deferred Compensation Units	⁽²⁾	⁽²⁾	Common Stock	878.3209	⁽²⁾	D
Stock Option	⁽³⁾	01/14/2014	Common Stock	7,844	$38.25	D
Stock Option	⁽⁴⁾	09/02/2013	Common Stock	2,430	$41.16	D
Stock Option	⁽⁵⁾	05/13/2012	Common Stock	12,046	$41.51	D
Stock Option	⁽⁶⁾	07/09/2018	Common Stock	20,747	$48.2	D
Stock Option	⁽⁷⁾	01/09/2018	Common Stock	10,228	$48.89	D
Stock Option	⁽⁸⁾	09/01/2016	Common Stock	4,087	$48.94	D
Stock Option	⁽⁹⁾	01/12/2015	Common Stock	8,599	$49.43	D
Stock Option	⁽¹⁰⁾	09/01/2015	Common Stock	3,762	$53.17	D
Stock Option	⁽¹¹⁾	01/11/2016	Common Stock	7,411	$53.98	D
Stock Option	⁽¹²⁾	01/10/2017	Common Stock	7,742	$58.13	D
Stock Option	⁽¹³⁾	09/04/2017	Common Stock	1,548	$64.63	D

Explanation of Responses:

1. Shares held in the Target Corporation 401(k) Plan based on the plan statement as of July 21, 2008.

2. Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants' deferred compensation balances are indexed to various crediting rate alternatives, as chosen by them. The units reported relate to the Target common stock crediting rate alternative, and each unit is the economic equivalent of one share of Target common stock. The value of such units increases or decreases daily in accordance with an equivalent investment in the Target Stock Fund in the corporation's 401(k) plan. Participants are generally free to transfer plan balances into other crediting rate alternatives at any time. The Plan balances represent unsecured general obligations of Target Corporation, and are payable solely in cash.

3. Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

4. Option granted on September 2, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

5. Option granted on May 13, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

6. Option granted on July 9, 2008. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

7. Option granted on January 9, 2008. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

8. Option granted on September 1, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

9. Option granted on January 12, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

10. Option granted on September 1, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

11. Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

12. Option granted on January 10, 2007. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

13. Option granted on September 4, 2007. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

Remarks:

jacobpoa.TXT

	David L. Donlin, Attorney-In-Fact	07/24/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.