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printed on workbench on our intranet. dated 3/20/03

"Thank you for contacting Target to inquire about our support of veterans. Unfortunately, a letter has been circulating via email for nearly a year that misrepresents Target's support of veterans. due to the nature of the internet and email communication, this false information has been perpetuated and modified many times by unknown writers. in fact the National Veterans of Foreign Wars posted a press release on their website on Dec. 6, 2002 to help clarify this issue at http://www.vfw.org/news/target.htm.

Target Corporation does support our veterans and is grateful for the efforts of our men and women in uniform. in fact, for years Target has donated funds and volunteer hours to local and national veteran and military organizations around the country. for example, Target is a sponsor of the national 2003 tour of "The Wall That Heals," a Vietnam Veterans Memorial Fund outreach initiative that honors our veterans and has a strong educational component for schools. Target Corporation also counts many veteran and military reservists among its more than 300,000 team members nationwide. To help support these team members, Target corporation provides benefits for activated reservists that surpass those benefits required by law. The Reserve Officers Association has recognized our company for these benefits. in addition to supporting veteran and military organizations on a national scale, we also support local organizations, including:

*Eastern Paralyzed Veterans Association in Jackson heights,NY

*Hays County Veterans in San Marcos,Tx

*Kenny Nickelson Memorial Foundation for Homeless Veterans in Manhattan Beach, Ca

* Disabled American Veterans Auxiliaries in Allen Park, Mi/Santa Fe Springs, CA

*Yankee Air Force Museum in Yipsilanti, Mi

*Department of the Army (Fort Hood, Tx)

Target gives to diverse causes that reflect all types of guests in a wide variety of communities. any nonprofit organization may apply for a grant. in general, the organizations program or service to be funded by the grant should meet our giving guidelines related to arts, education, and family violence prevention. While every cause is worthy, Target is unable to grant funds or partner with every organization. For more information that describes the guidelines and the application process, visit any Target store and ask for the grants brochure or go to Target.com and click on"community giving". Thank you for taking the time to inquire about this issue. We wholeheartedly support our veterans and active duty personel and we apprcaiate the concern about this issue.