UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 7, 2002

Targeted Genetics Corporation

(Exact name of registrant as specified in charter)

Washington (State or other jurisdiction of incorporation) 0-23930 (Commission File Number) 91-1549568 (IRS Employer Identification No.)

1100 Olive Way, Suite 100, Seattle, Washington (Address of principal executive offices) 98101 (Zip Code)

Registrant’s telephone number, including area code (206) 623-7612

Not Applicable

(Former name or former address, if changed since last report)

Item 5.    Other Events.

On August 7, 2002, Targeted Genetics Corporation announced that it is restructuring its operations to reduce expenses and concentrate its resources on key product development programs and continuing business development activities. The text of the press release is set forth in Exhibit 99.1 attached to this release and incorporated herein by this reference.

Item 7.    Exhibits.

(a)  Financial statements of business acquired.

Not applicable.

(b)  Pro forma financial information.

Not applicable.

(c)  Exhibits.

Exhibit No.	Description
99.1	Press Release dated August 7, 2002

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TARGETED GENETICS CORPORATION
By:	/s/    TODD E. SIMPSON
	Todd E. Simpson Vice President, Finance and Administration and Chief Financial Officer, Secretary and Treasurer (Principal Financial and Accounting Officer)

Date:  August 8, 2002

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated August 7, 2002

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