Exhibit 99.1

ANNUAL SERVICER'S CERTIFICATE
RETAILERS NATIONAL BANK
TARGET CREDIT CARD MASTER TRUST

    The undersigned, a duly authorized representative of Retailers National Bank, as Servicer ("RNB"), pursuant to the Pooling and Servicing Agreement dated as of September 13, 1995, as supplemented by the Series 1995-1 Supplement, the Series 1996-1 Supplement, the Series 1997-1, and the Series 1998-1 Supplement (as may be amended and supplemented from time to time, the "Agreement"), among Target Receivables Corporation, as Transferor, RNB as Servicer, and Norwest Bank Minnesota, National Association, as Trustee, does hereby certify that:

1.

RNB is, as of the date hereof, the Servicer under the Agreement. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement.



2.

The undersigned is a Servicing Officer who is duly authorized pursuant to the Agreement to execute and deliver this certificate to the Trustee.



3.

A review of the activities of the Servicer during the fiscal year ended January 1, 2000, and of its performance under the Agreement was conducted under my supervision.



4.

Based on such review, the Servicer has, to the best of my knowledge, performed in all material respects its obligations under the Agreement throughout such year and no default in the performance of such obligations has occurred or is continuing except as set forth in paragraph 5 below.



5.

The following is a description of each default in the performance of the Servicer's obligations under the provisions of the Agreement known to me to have been made by the Servicer during the fiscal year ended January 1, 2000 which sets forth in detail (i) the nature of each default, (ii) the action taken by the Servicer, if any, to remedy each such default and (iii) the current status of each such default: None.

    IN WITNESS WHEREOF, the undersigned has duly executed this Certificate as of the 25th day of March, 2000.

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