Edgar Filing: TARGET CORP

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Risch Troy H

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2006

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

(Last)

(First)

(Middle)

1000 NICOLLET MALL

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 Original Filed(Month/Day/Year)

(Street)

MINNEAPOLIS,Â MNÂ 55403

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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, $.0833 per share	0	D	Â
Common Stock, $.0833 per share	3,520.7095 ⁽¹⁾	I	By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: 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		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Deferred Compensation Units	Â ⁽²⁾	Â ⁽²⁾	Common Stock	426.2152	$ ⁽²⁾	D	Â
Stock Option ⁽³⁾	Â ⁽⁴⁾	01/13/2009	Common Stock	1,898	$ 26.3438	D	Â
Stock Option ⁽³⁾	Â ⁽⁵⁾	01/12/2010	Common Stock	1,478	$ 33.8512	D	Â
Stock Option ⁽³⁾	Â ⁽⁶⁾	01/10/2011	Common Stock	2,942	$ 33.9956	D	Â
Stock Option ⁽³⁾	Â ⁽⁷⁾	01/09/2012	Common Stock	4,290	$ 40.8	D	Â
Stock Option ⁽³⁾	Â ⁽⁸⁾	01/08/2013	Common Stock	5,784	$ 30.26	D	Â
Stock Option ⁽³⁾	Â ⁽⁹⁾	01/14/2014	Common Stock	4,576	$ 38.25	D	Â
Stock Option ⁽³⁾	Â ⁽¹⁰⁾	09/01/2014	Common Stock	1,679	$ 44.69	D	Â
Stock Option ⁽³⁾	Â ⁽¹¹⁾	01/12/2015	Common Stock	5,058	$ 49.43	D	Â
Stock Option ⁽³⁾	Â ⁽¹²⁾	09/01/2015	Common Stock	1,881	$ 53.17	D	Â
Stock Option ⁽³⁾	Â ⁽¹³⁾	01/11/2016	Common Stock	9,263	$ 53.98	D	Â
Stock Option ⁽³⁾	Â ⁽¹⁴⁾	07/28/2016	Common Stock	86,170	$ 46.42	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Risch Troy H 1000 NICOLLET MALL MINNEAPOLIS,Â MNÂ 55403	Â	Â	Â Executive officer	Â

Signatures

/s/ Risch, Troy H.		09/07/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares held in the Target Corporation 401(k) Plan as of September 1, 2006.
(2)	Acquired pursuant to 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. 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 free to transfer plan balances into other crediting rate alternatives at any time. The Plan balances represent unsecured general obligations of Target Corporation, and the units are payable solely in cash. In addition, Plan participants receive additional credits to their account balances which equate to an additional 2 percent return, in part to compensate for the credit risk incurred by participation in the Plan.
(3)	Option granted under the Target Corporation Long-Term Incentive Plan.
(4)	Option granted on January 13, 1999. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(5)	Option granted on January 12, 2000. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(6)	Option granted on January 10, 2001. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(7)	Option granted on January 9, 2002. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(8)	Option granted on January 8, 2003. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(9)	Option granted on January 14, 2004. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(10)	Option granted on September 1, 2004. Options vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(11)	Option granted on January 12, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(12)	Option granted on September 1, 2005. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(13)	Option granted on January 11, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.
(14)	Option granted on July 28, 2006. Option vests and becomes exercisable in 25% increments on each anniversary of the grant date.

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