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News Release

Target Corp to Webcast First Quarter Earnings Conference Call
    MINNEAPOLIS, May 12 /PRNewswire-FirstCall/ --

    WHAT: Target Corporation's webcast of its first quarter earnings
          conference call.

    WHEN: Thursday, May 13, 2004
          9:30 a.m. central time

    HOW:  Investors and the media are invited to listen to the call through
          the company's website at www.target.com (click on "Investor
          Information/Webcasts")

    WHO:  Target Corporation operates large-store general merchandise formats,
          including discount stores, moderate-priced promotional and
          traditional department stores as well as an on-line business called
          target.direct. The company currently operates 1,577 stores in 47
          states.  This includes 1,249 Target stores, 266 Mervyn's stores and
          62 Marshall Field's stores.

          Target Corporation news releases are available at target.com.
SOURCE  Target Corporation

CONTACT: Investor, Susan Kahn, +1-612-761-6735, or Financial Media,
Cathy Wright, +1-612-761-6627 or +1-312-781-2979, both of Target Corporation