To Our Shareholders Business Discussion Financial Review Corporate Information

Directors and Management

Directors

Roger A. Enrico
Retired Vice Chairman,
PepsiCo, Inc.
(1) (2) (3)

William W. George
Chairman,
Medtronic, Inc.
(1) (2) (4)

Michele J. Hooper
Former Chief Executive Officer and President,
Voyager Expanded Learning
(1) (2) (6)

James A. Johnson
Vice Chairman,
Perseus, LLC
(1) (3) (4) (5)

Richard M. Kovacevich
Chairman and
Chief Executive Officer,
Wells Fargo & Company
(1) (2) (6)

Anne M. Mulcahy
Chairman and
Chief Executive Officer,
Xerox Corporation
(1) (4) (5)

 

Stephen W. Sanger
Chairman and
Chief Executive Officer,
General Mills, Inc.
(1) (3) (5) (6)

Warren R. Staley
Chairman and
Chief Executive Officer,
Cargill, Inc.
(1) (4) (5)

George W. Tamke
Principal,
Clayton, Dubilier & Rice
(1) (3) (6)

Solomon D. Trujillo
Chairman, President and
Chief Executive Officer,
Graviton, Inc.
(1) (3) (4) (5)

Robert J. Ulrich
Chairman and
Chief Executive Officer,
Target Corporation and Target Stores
(1)

(1) Executive Committee
(2) Audit Committee
(3) Compensation Committee
(4) Corporate Responsibility Committee
(5) Finance Committee
(6) Nominating Committee

Executive Officers

Linda L. Ahlers
President, Marshall Field’s

Todd V. Blackwell
Senior Vice President,
Human Resources

Bart Butzer
Executive Vice President,
Stores, Target Stores

Michael R. Francis
Senior Vice President,
Marketing

John D. Griffith
Senior Vice President,
Property Development

James T. Hale
Executive Vice President,
General Counsel and Secretary

Maureen W. Kyer
Executive Vice President,
Merchandising, Mervyn’s

Diane L. Neal
President, Mervyn’s

Luis A. Padilla
Executive Vice President,
Merchandising,
Marshall Field’s

Douglas A. Scovanner
Executive Vice President and
Chief Financial Officer

Paul L. Singer
Senior Vice President,
Technology Services and
Chief Information Officer

Gregg W. Steinhafel
President, Target Stores

Gerald L. Storch
Vice Chairman

Ertugrul Tuzcu
Executive Vice President,
Store Operations,
Marshall Field’s

Robert J. Ulrich
Chairman and
Chief Executive Officer

Other Officers

Timothy R. Baer
Vice President, Law

Gail J. Dorn
Vice President,
Community Relations

Nathan K. Garvis
Vice President,
Government Affairs

Susan D. Kahn
Vice President,
Investor Relations

Tracy Kofski
Vice President,
Compensation & Benefits

Stephen C. Kowalke
Vice President and Treasurer

Richard J. Kuzmich
President,
Associated Merchandising Corp.

Dale Nitschke
President,
target.direct

Ronald A. Prill
President,
Target Financial Services

Jack N. Reif
Assistant Treasurer

Sara J. Ross
Assistant Treasurer

Erica C. Street
President,
Target Brands, Inc.

Jane P. Windmeier
Senior Vice President,
Finance

Shareholder Information

Annual Meeting
The Annual Meeting of Shareholders is scheduled for May 22, 2002, at 9:30 a.m. CDT at The Children’s Theatre, 2400 Third Avenue South, Minneapolis, Minnesota.

Shareholder Information
Quarterly and annual shareholder information, including the Form 10-Q and Form 10-K Annual Report, which are filed with the Securities and Exchange Commission, is available at no charge to shareholders. To obtain copies of these materials, you may call 612-761-6736, send an email to Investor.Relations@target.com, or write to:

Vice President, Investor Relations (TPN-1448),
Target Corporation,
1000 Nicollet Mall,
Minneapolis, Minnesota 55403.

Information about Target Corporation is also available on the internet at www.target.com.

Sales Information
Comments regarding the company’s sales results are provided periodically throughout the year on a recorded telephone message. You may access this message by calling 612-761-6500.

Direct Stock Purchase/Dividend Reinvestment Plan
EquiServe administers a direct service investment plan that allows interested investors to purchase Target Corporation stock directly, rather than through a broker, and become a registered shareholder of the Company. The program offers many features including dividend reinvestment. For detailed information regarding this program, call EquiServe toll free at 1-888-268-0203 or write to:

The DirectSERVICE Investment Program
c/o EquiServe
P.O. Box 2598
Jersey City, NJ 07303-2598

Transfer Agent, Registrar and Dividend Disbursing Agent
EquiServe

Trustee, Employee Savings 401(k) and Pension Plans
State Street Bank and Trust Company

Stock Exchange Listings
Trading symbol TGT
New York Stock Exchange and Pacific Stock Exchange

Shareholder Assistance
For assistance regarding individual stock records, lost certificates, name or address changes, dividend or tax questions, call EquiServe at 1-800-317-4445, access their website at www.equiserve.com, or write to:

EquiServe,
P.O. Box 2500,
Jersey City, NJ 07303.

 

Target, the Bullseye Design, Expect More. Pay Less., Marshall Field’s, Dayton’s, Hudson’s, Xhilaration, Restore & Restyle, Archer Farms, Target Guest Card, SuperTarget, target.direct, Take Charge of Education and Project Imagine are trademarks of Target Brands, Inc. Mervyn’s and Community Closet are trademarks of Mervyn’s Brands, Inc. VISA is a trademark of Visa International Service Association. Mossimo is a trademark of Mossimo, Inc. Waverly is a trademark of F. Schumacher & Co. Eddie Bauer is a trademark of Eddie Bauer, Inc. Tupperware is a trademark of Dart Industries d/b/a Tupperware Home Parties. Levolor is a trademark of Newell Operating Company. Carter’s and Baby Tykes are trademarks of The William Carter Company. Woolrich is a trademark of John Rich & Sons Investment Holding Company. Armetale is a trademark of The Wilton Company. Stride Rite is a trademark of The Stride Rite Corporation. Physical Science is a trademark of The Physical Science Corporation, LLC. E*TRADE is a trademark of E*Trade Securities, Inc. Amazon.com is a trademark of Amazon.com, Inc. All rights reserved.
Copyright 2002 Target Corporation

Concept and design: Little & Company, Minneapolis

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