<PAGE>
Pricing Supplement No. 1 Rule 424(b)(5)
(To Prospectus dated October 13, 1998 Registration No. 333-65347
and Prospectus Supplement dated
April 15, 1999)
Dated: July 12, 1999
DAYTON HUDSON CORPORATION
MEDIUM-TERM NOTES, SERIES I
FLOATING RATE NOTES
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<S> <C>
Principal Amount: $100,000,000 Spread: +12 basis points
Issue Price (Dollar Amount and Percentage of Principal)
Amount: $100,000,000 / 100%
Original Issue Date: July 16, 1999
Stated Maturity Date: July 16, 2001 Agent: Merrill Lynch & Co.
Base Rate: LIBOR Telerate Agent's Commission/Discount: 0.250%
- --Index Currency: U.S. dollars
Initial Interest Rate: 5.43%
Regular Record Dates: Fifteenth calendar day prior to Interest
Payment Date
Interest Payment Dates: October 16, January 16, April 16 and July 16
Interest Reset Dates: October 16, January 16, April 16 and July 16
Interest Reset Period: Quarterly
Initial Interest Reset Date: October 16, 1999
Index Maturity: 3 months
Other Terms: The Notes will be delivered on July 16, 1999, which will be on the
fourth business day following the date of pricing of the Notes. Under Rule
15c6-1 of the Securities Exchange Act of 1934, trades in the secondary
market generally are required to settle in three business days after the
date of the pricing of securities, unless the parties to any such trade
expressly agree otherwise. Accordingly, purchasers who wish to trade Notes
on the date of pricing or on any of the next three succeeding business days
will be required, by virtue of the fact that the Notes will settle in T+4,
to specify an alternate settlement cycle at the time of any such trade to
prevent a failed settlement and should consult their own advisor.
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<PAGE>
Pricing Supplement No. 2 Rule 424(b)(5)
(To Prospectus dated October 13, 1998 Registration No. 333-65347
and Prospectus Supplement dated
April 15, 1999)
Dated: July 12, 1999
DAYTON HUDSON CORPORATION
MEDIUM-TERM NOTES, SERIES I
FLOATING RATE NOTES
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<S> <C>
Principal Amount: $100,000,000 Spread: +38 basis points
Issue Price (Dollar Amount and Percentage of Principal) Agent: Merrill Lynch & Co.
Amount: $100,000,000 / 100%
Original Issue Date: July 16, 1999 Agent's Commission/Discount: 0.250%
Stated Maturity Date: July 16, 2001
Base Rate: Federal Funds Rate
Initial Interest Rate: Base Rate as determined on July 15, 1999
plus 38 basis points
Regular Record Dates: Fifteenth calendar day prior to Interest
Payment Date
Interest Payment Dates: October 16, January 16, April 16 and July 16
Interest Reset Dates: Daily
Interest Reset Period: Daily
Interest Determination Dates: One Business Day prior to Interest
Reset Date
Other Terms: The Notes will be delivered on July 16, 1999, which will be on the
fourth business day following the date of pricing of the Notes. Under Rule
15c6-1 of the Securities Exchange Act of 1934, trades in the secondary
market generally are required to settle in three business days after the
date of the pricing of securities, unless the parties to any such trade
expressly agree otherwise. Accordingly, purchasers who wish to trade Notes
on the date of pricing or on any of the next three succeeding business days
will be required, by virtue of the fact that the Notes will settle in T+4,
to specify an alternate settlement cycle at the time of any such trade to
prevent a failed settlement and should consult their own advisor.
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