On December 22, 2008, Target Corporation, through its wholly-owned subsidiaries, Target Receivables Corporation and Target National Bank, delivered certain monthly reports relating to the Floating Rate Class A Asset Backed Notes, Series 2005-1, and the Subordinated Interests, Series 2005-1, issued by the Target Credit Card Owner Trust 2005-1 to the Trustee. These reports are being furnished as exhibits to this report.

The information on Net Charge-Offs found in Section VIII(a) of the Monthly Collateral Certificateholders' Statement for the Series 2005-1 reflects the inclusion of proceeds from the sale of certain previously charged-off accounts receivable, which occurred during the Monthly Period ended November 29, 2008. Without the inclusion of such proceeds, Net Charge-Offs for this monthly period would have been 11.81% on an annualized basis.

(D) Exhibits

20.1         Series 2005-1 Monthly Servicer's Certificate for the Monthly Period
             ended November 29, 2008.

20.2         Series 2005-1 Monthly Collateral Certificateholders' Statement for
             the Monthly Period ended November 29, 2008.

20.3         Series 2005-1 Monthly Administrator's Statement for the Monthly
             Period ended November 29, 2008.