TARGET CORPORATION
Computations of Ratios of Earnings to Fixed Charges for each of the
Five Years in the Period Ended January 29, 2011

				Fiscal Year Ended


Ratio of Earnings to Fixed Charges

(millions)				Jan. 29, 2011		Jan. 30, 2010			Jan. 31, 2009			Feb. 2, 2008			Feb. 3, 2007

Earnings from continuing operations before income taxes				$	4,495	$	3,872		$	3,536		$	4,625		$	4,497
	Capitalized interest				2		(9	)		(48	)		(66	)		(47	)

		Adjusted earnings from continuing operations before income taxes			4,497		3,863			3,488			4,559			4,450

Fixed charges:
	Interest expense (a)				776		830			956			747			646
	Interest portion of rental expense				110		105			103			94			88

			Total fixed charges		886		935			1,059			841			734

			Earnings from continuing operations before income taxes and fixed charges	$	5,383	$	4,798		$	4,547		$	5,400		$	5,184

Ratio of earnings to fixed charges					6.08		5.13			4.29			6.42			7.06

(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 benefit liabilities, which is recorded within income tax expense.