UNITED ~~STATES~~ ~~SECURITIES AND EXCHANGE COMMISSION~~STATES

Washington,SECURITIES D.C.AND 20549EXCHANGE COMMISSION

~~FORM 8-K~~Washington, D.C. 20549

CurrentFORM Report Pursuant to8-K

~~Section~~Current Report 13Pursuant ~~or 15(d) of the~~to

~~Securities~~Section 13 or ~~Exchange Act~~ 15(d) of ~~1934~~the

~~Date~~Securities Exchange Act of ~~Report: April 20, 2005~~1934

~~TARGET~~Date ~~RECEIVABLES~~of Report: May 20, ~~CORPORATION~~2005

~~(Exact name of registrant~~TARGET asRECEIVABLES ~~specified in its charter)~~CORPORATION

Minnesota
(State or other jurisdiction of incorporation)
0-26930		41-1812153
(Commission File Number)		(I.R.S. Employer Identification Number)

(Exact name of registrant as specified in its charter)

~~Target Receivables Corporation~~Minnesota

~~1000~~(State ~~Nicollet~~or ~~Mall~~other jurisdiction of incorporation)

31st Floor, Suite 3136

0-26930		41-1812153
(Commission File Number)		(I.R.S. Employer Identification Number)

~~Minneapolis,~~Target ~~Minnesota~~Receivables ~~55403~~Corporation

~~(612)~~1000 ~~696-3102~~Nicollet Mall

~~(Address, including Zip~~31st ~~Code~~Floor, ~~and Telephone Number,~~Suite 3136

~~Including Area Code~~Minneapolis, of ~~Registrant’s~~Minnesota ~~Principal Executive Office)~~55403

~~Check~~(612) ~~the appropriate box below if the Form 8~~696-~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~3102

[(Address, including ]Zip ~~Written~~Code, ~~communications~~and ~~pursuant~~Telephone ~~to Rule 425 under the Securities Act (17 CFR 230.425)~~Number,

[Including ]Area Code, ~~Soliciting~~of ~~material~~Registrant’s ~~pursuant~~Principal toExecutive ~~Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12~~Office)

[Check ]the ~~Pre~~appropriate box below if the Form 8-~~commencement~~K ~~communications~~filing ~~pursuant~~is intended to ~~Rule~~simultaneously ~~14d-2(b)~~satisfy ~~under~~ the filing ~~Exchange~~obligation ~~Act~~of ~~(17~~the ~~CFR~~registrant ~~240.14d-2(b))~~under any of the following provisions:

[ ] ~~Pre-commencement~~ Written communications pursuant to Rule 425 ~~13e-4(c)~~ under the ~~Exchange~~ Securities Act (17 CFR ~~240~~ 230.~~13e-4(c~~425))

~~Item~~[ ~~8.01:~~ ] Soliciting material ~~Other~~pursuant ~~Events~~to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~The~~[ ~~Monthly~~] ~~Servicer’s Certificate for the Monthly Period ended April 2,~~Pre-commencement ~~2005~~communications ~~and~~pursuant ~~the Monthly Certificateholders’ Statement for the Monthly Period ended April 2, 2005, with respect~~ to ~~the Floating Rate Class A Asset Backed Certificates, Series 2002~~Rule 14d-~~1, and the Class B Asset Backed Certificates, Series 2002-1, issued by the Target Credit Card Master Trust~~ 2(~~the “Trust”~~b), under ~~were delivered to~~ the ~~Trustee~~Exchange onAct ~~April 20, 2005, and the Monthly Certificateholders’~~(17 ~~Statement~~CFR ~~will be distributed to Certificateholders on April 25, 2005~~240.14d-2(b))

~~The~~[ ~~above~~] ~~described Monthly Servicer’s Certificate is filed as Exhibit~~Pre-commencement ~~20.1~~communications pursuant to ~~this~~Rule 13e-4(c) under ~~Report.~~the ~~The~~Exchange ~~above~~Act ~~described Monthly Certificateholders’ Statement~~(17 isCFR ~~filed as Exhibit 20~~240.~~2 to this Report.~~13e-4(c))

Item 9.01: Financial Statements and Exhibits
(c)	Exhibits
	20.1	Series 2002-1 Monthly Servicer’s Certificate for the Monthly Period ended April 2, 2005.
	20.2	Series 2002-1 Monthly Certificateholders’ Statement for the Monthly Period ended April 2, 2005.

Item 8.01: Other Events

~~SIGNATURES~~The Monthly Servicer’s Certificate for the Monthly Period ended April 30, 2005 and the Monthly Certificateholders’ Statement for the Monthly Period ended April 30, 2005, with respect to the Floating Rate Class A Asset Backed Certificates, Series 2002-1, and the Class B Asset Backed Certificates, Series 2002-1, issued by the Target Credit Card Master Trust (the “Trust”), were delivered to the Trustee on May 20, 2005, and the Monthly Certificateholders’ Statement will be distributed to Certificateholders on May 25, 2005.

~~Pursuant~~The toabove ~~the~~described Monthly ~~requirements~~Servicer’s ofCertificate ~~the~~is ~~Securities~~filed ~~Exchange~~as ~~Act~~Exhibit 20.1 ofto ~~1934, the Registrant has duly caused~~ this ~~report~~Report. The toabove bedescribed ~~signed~~Monthly onCertificateholders’ ~~its~~Statement ~~behalf~~is byfiled ~~the~~as Exhibit 20.2 ~~undersigned~~to ~~hereunto~~this ~~duly authorized~~Report.

Dated: April 20, 2005

Item 9.01: Financial Statements and Exhibits

(c)	Exhibits

	20.1	Series 2002-1 Monthly Servicer’s Certificate for the Monthly Period ended April 30, 2005.

	20.2	Series 2002-1 Monthly Certificateholders’ Statement for the Monthly Period ended April 30, 2005.

~~TARGET RECEIVABLES CORPORATION By: /s/ Terrence J. Scully Name: Terrence J. Scully Title: Vice President~~SIGNATURES

~~EXHIBIT~~Pursuant ~~INDEX~~to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit	Description	Method of Filing
20.1	Series 2002-1 Monthly Servicer’s Certificate for the Monthly Period ended April 2, 2005.	Filed Electronically
20.2	Series 2002-1 Monthly Certificateholders’ Statement for the Monthly Period ended April 2, 2005.	Filed Electronically

Dated: May 20, 2005

	TARGET RECEIVABLES CORPORATION


	By:	/s/ Terrence J. Scully

	Name:	Terrence J. Scully
	Title:	Vice President

EXHIBIT INDEX

Exhibit	Description	Method of Filing

20.1	Series 2002-1 Monthly Servicer’s Certificate for the Monthly Period ended April 30, 2005.	Filed Electronically

20.2	Series 2002-1 Monthly Certificateholders’ Statement for the Monthly Period ended April 30, 2005.	Filed Electronically

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