Ex(10)E

CONFORMED

THIRD AMENDMENT TO FIVE YEAR CREDIT AGREEMENT

        THIS THIRD AMENDMENT TO FIVE YEAR CREDIT AGREEMENT (this "Amendment") is
made and entered into as of June 18, 2002 (the "Amendment Date") among each of
TARGET CORPORATION, a Minnesota corporation (the "Borrower"), the BANKS party to
the Credit Agreement (defined below) (hereinafter such banks may be referred to
individually as a "Bank" or collectively as the "Banks"), the SENIOR MANAGING
AGENTS, MANAGING AGENTS, CO-AGENTS, CO-DOCUMENTATION AGENT and SYNDICATION AGENT
party to the Credit Agreement and BANK OF AMERICA, N.A., a national banking
association organized and existing under the laws of the United States, in its
capacity as administrative agent for the Banks (in such capacity, and any
successor appointed in accordance with the terms of Section 7.08 of the Credit
Agreement, the "Agent").

W I T N E S S E T H:

        WHEREAS, the Borrower, the Banks, the Senior Managing Agents, the
Managing Agents, the Co-Agents, the Co-Documentation Agents, the Syndication
Agent and the Agent have entered into that certain Five-Year Credit Agreement
dated as of June 22, 2000 (as amended from time to time, the "Credit
Agreement"), pursuant to which the Banks agreed to provide a revolving credit
facility of up to $800,000,000 for the Borrower; and

        WHEREAS, the Borrower has requested that the Agent, the Senior Managing
Agents, the Managing Agents, the Co-Agents, the Co-Documentation Agents, the
Syndication Agent and the Banks consent to certain amendments to the Credit
Agreement relating to a new 364-Day Agreement; and

        WHEREAS, subject to the terms and conditions specified below, the Agent,
the Senior Managing Agents, the Managing Agents, the Co-Agents, the
Co-Documentation Agents, the Syndication Agent and the Banks signatory hereto
are willing to consent to the requested amendments;

        NOW, THEREFORE, in consideration of the mutual covenants and the
fulfillment of the conditions set forth herein, the parties hereto do hereby
agree as follows:

        1.    Definitions. Any capitalized term used herein without definition
shall have the meaning set forth in the Credit Agreement.

        2.    Amendments to the Credit Agreement. Subject to the terms and
conditions set forth herein, the Credit Agreement is hereby amended as follows:

        (a)  The definition of 364-Day Agreement set forth in Section 1.01 is
hereby amended and restated in its entirety to read as follows:

        "364-Day Agreement" means the 364-Day Credit Agreement dated as of
June 18, 2002 among the Borrower, the Banks party thereto from time to time, the
senior managing agents, managing agents, co-agents, co-documentation agents and
co-syndication agents listed therein, and Bank of America, N.A., as
administrative agent, as the same may be amended or restated from time to time
in accordance with the terms thereof, or any successor 364-day facility that the
Borrower may enter into in replacement thereof.

        3.    Conditions Precedent. This Amendment shall become effective only
upon the receipt by the Agent of the following, in form and substance
satisfactory to the Agent:

        (a)  executed counterparts of this Amendment executed by the Borrower
and the Required Banks;

        (b)  an executed 364-Day Agreement, with all conditions precedent listed
therein satisfied;

        (c)  Receipt by the Agent of all documents it may reasonably request
relating to the existence of the Borrower, the corporate authority for and the
validity of this Amendment, and any other matters relevant hereto, all in form
and substance satisfactory to the Agent.

        4.    Representations and Warranties. In order to induce the Agent, the
Senior Managing Agents, the Managing Agents, the Co-Agents, the Co-Documentation
Agents and the Syndication Agent to enter into this Amendment, the Borrower
represents and warrants to the Agent, the Senior Managing Agents, the Managing
Agents, the Co-Agents, the Co-Documentation Agents, the Syndication Agent and
the Banks as follows:

        No Default or Event of Default has occurred and is continuing.

        5.    Full Force and Effect of this Amendment. Except as hereby
specifically amended, modified or supplemented, the Credit Agreement and the
Notes are hereby confirmed and ratified in all respects by each party hereto and
shall be and remain in full force and effect according to their respective
terms.

        6.    Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original as against any party
whose signature appears thereon, and all of which shall together constitute one
and the same instrument.

        7.    Governing Law. This Amendment shall in all respects be governed
by, and construed in accordance with, the laws of the state of New York.

        8.    Enforceability. Should any one or more of the provisions of this
Amendment be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and
binding on the parties hereto.

[Signature pages follow.]

        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

    TARGET CORPORATION WITNESS:                       

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  By:   /s/ Sara J. Ross

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    Name:   Sara J. Ross

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  Title:   Assistant Treasurer

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1000 Nicollet Mall
Minneapolis, Minnesota 55403
Attention: Assistant Treasurer
Telecopy number: (612) 761-5573                         BANKS:                  
      BANK OF AMERICA, N.A.               By:   /s/ Amy Krovocheck

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    Name:   Amy Krovocheck

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    Title:   Vice President

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                        U.S. BANK NATIONAL ASSOCIATION               By:        
   

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    Name:            

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    Title:            

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                        BANK ONE, NA               By:   /s/ Vincent R. Henchek

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    Name:   Vincent R. Henchek

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    Title:   Director

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                        CITICORP USA, INC.               By:   /s/ Jean M.
Bahnke

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    Name:   Jean M. Bahnke

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    Title:   Vice President

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                        FLEET NATIONAL BANK               By:   /s/ Kathleen A.
Dimock

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    Name:   Kathleen A. Dimock

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    Title:   Director

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                        HSBC BANK USA               By:            

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    Name:            

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    Title:            

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                        JPMORGAN CHASE BANK               By:   /s/ Teri
Streusand

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    Name:   Teri Streusand

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    Title:   Vice President

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                        ROYAL BANK OF CANADA               By:            

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    Name:            

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    Title:            

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                        THE BANK OF TOKYO-MITSUBISHI, LTD.,
  CHICAGO BRANCH               By:   /s/ Patrick McCue

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    Name:   Patrick McCue

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    Title:   Vice President and Manager

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                        MIZUHO CORPORATE BANK, LIMITED               By:        
   

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    Name:            

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    Title:            

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    WELLS FARGO BANK, NATIONAL
ASSOCIATION               By:   /s/ Scott D. Bielde

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    Name:   Scott D. Bielde

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    Title:   Vice President and Senior Banker

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              By:   /s/ Christopher A. Cudak

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    Name:   Christopher A. Cudak

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    Title:   Vice President

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                        THE BANK OF NEW YORK               By:            

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    Name:            

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    Title:            

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                        STANDARD CHARTERED BANK               By:            

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    Name:            

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    Title:            

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                        STATE STREET BANK AND TRUST
  COMPANY               By:   /s/ Elizabeth F. Ryan-Catalano

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    Name:   Elizabeth F. Ryan-Catalano

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    Title:   Assistant Vice President

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                        STANDARD FEDERAL BANK N.A.
(formerly known as Michigan National Bank)               By:   /s/ Jason W.
Bierlein

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    Name:   Jason W. Bierlein

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    Title:   Assistant Vice President

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    SUNTRUST BANK               By:   /s/ Linda L. Dash

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    Name:   Linda L. Dash

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    Title:   Director

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                        WACHOVIA BANK               By:   /s/ Beth Rue

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    Name:   Beth Rue

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    Title:   Assistant Vice President

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                        BNP PARIBAS               By:   /s/ Jo Ellen Bender

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    Name:   Jo Ellen Bender

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    Title:   Managing Director

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              By:   /s/ Peter Labrie

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    Name:   Peter Labrie

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    Title:   Central Region Manager

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                        COMERICA BANK               By:   /s/ Timothy O'Rourke

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    Name:   Timothy O'Rourke

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    Title:   Vice President

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                        NATIONAL CITY BANK               By:   /s/ Brian T.
Strayton

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    Name:   Brian T. Strayton

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    Title:   Vice President

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                        BANCA DI ROMA—CHICAGO BRANCH               By:          
 

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    Name:            

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    Title:            

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                        FIFTH THIRD BANK               By:   /s/ Andy Buschle

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    Name:   Andy Buschle

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    Title:   Vice President

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                        UMB BANK, N.A.               By:   /s/ Robert P. Elbert

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    Name:   Robert P. Elbert

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    Title:   Vice President

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                        HIBERNIA NATIONAL BANK               By:   /s/ Andrew
Booth

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    Name:   Andrew Booth

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    Title:   Vice President

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                        ALLFIRST BANK               By:   /s/ Stewart T. Shettle

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    Name:   Stewart T. Shettle

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    Title:   Vice President

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