Target Credit Card Owner Trust 2005-1 Sample Contracts

TARGET RECEIVABLES CORPORATION, Transferor TARGET NATIONAL BANK, Servicer and WELLS FARGO BANK, NATIONAL ASSOCIATION, Trustee on behalf of the Collateral Certificateholder
Pooling and Servicing Agreement • October 31st, 2005 • Target Credit Card Owner Trust 2005-1 • Asset-backed securities • Delaware

SERIES 2005-1 SUPPLEMENT, dated as of November , 2005 (this “Series Supplement”) by and among TARGET RECEIVABLES CORPORATION, a corporation organized and existing under the laws of the State of Minnesota, as Transferor (the “Transferor”), TARGET NATIONAL BANK, a national banking association organized and existing under the laws of the United States, as Servicer (“Target National Bank” or the “Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States, as trustee (together with its successors in trust thereunder as provided in the Agreement referred to below, the “Trustee”) under the Amended and Restated Pooling and Servicing Agreement dated as of April 28, 2000, as amended (the “Agreement”) by and among the Transferor, the Servicer and the Trustee.

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TARGET CREDIT CARD OWNER TRUST 2005-1 TRUST AGREEMENT between TARGET RECEIVABLES CORPORATION as Depositor and WILMINGTON TRUST COMPANY as Owner Trustee Dated as of November , 2005
Trust Agreement • October 31st, 2005 • Target Credit Card Owner Trust 2005-1 • Asset-backed securities • Delaware

TRUST AGREEMENT dated as of November , 2005 between TARGET RECEIVABLES CORPORATION (“TRC”), a Minnesota corporation having its principal executive offices located at 1000 Nicollet Mall, Minneapolis, Minnesota 55403, as the depositor (in its capacity as the depositor, the “Depositor”) and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as the owner trustee (the “Owner Trustee”).

UNDERWRITING AGREEMENT
Underwriting Agreement • October 31st, 2005 • Target Credit Card Owner Trust 2005-1 • Asset-backed securities • New York
TARGET RECEIVABLES CORPORATION as Depositor and Administrator and TARGET CREDIT CARD OWNER TRUST 2005-1 as Issuer
Deposit and Administration Agreement • October 31st, 2005 • Target Credit Card Owner Trust 2005-1 • Asset-backed securities • Delaware

This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of November , 2005 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), is made between TARGET RECEIVABLES CORPORATION, a Minnesota corporation having its principal executive offices located at 1000 Nicollet Mall, Minneapolis, Minnesota 55403 (“TRC,” the “Transferor,” the “Administrator” or the “Depositor” in its respective capacities as such), and TARGET CREDIT CARD OWNER TRUST 2005-1, a Delaware statutory trust, as issuer (the “Issuer”).

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