Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
DUNN BRIAN J
 2. Issuer Name and Ticker or Trading Symbol
BEST BUY CO INC [BBY] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & COO
(Last)
(First)
(Middle)

7601 PENN AVENUE SOUTH		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
03/03/2007
(Street)


RICHFIELD, MN 55423		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 11/03/2006   M4(1) 1,553 A $ 0 8,105 (2) D  
Common Stock             7,875 D (3)  
Common Stock             13,616 (4) I 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 23.19           04/16/1999(5) 04/15/2009 Common Stock
16,875
  16,875
D
 
Stock Option (Right to Buy) $ 31.17           04/14/2000(5) 04/13/2010 Common Stock
16,875
  16,875
D
 
Stock Option (Right to Buy) $ 11.11           12/15/2000(5) 12/14/2010 Common Stock
4,923
  4,923
D
 
Stock Option (Right to Buy) $ 24.71           04/27/2001(5) 04/26/2011 Common Stock
48,938
  48,938
D
 
Stock Option (Right to Buy) $ 34.18           04/11/2002(5) 04/10/2012 Common Stock
65,588
  65,588
D
 
Stock Option (Right to Buy) $ 19.11           01/16/2003(5) 01/15/2013 Common Stock
30,000
  30,000
D
 
Stock Option (Right to Buy) $ 39.59           11/03/2003(5) 11/02/2013 Common Stock
51,750
  51,750
D
 
Stock Option (Right to Buy) $ 36.73           10/11/2004(5) 10/10/2014 Common Stock
47,250
  47,250
D
 
Stock Option (Right to Buy) $ 46.8           11/08/2005(5) 11/07/2015 Common Stock
80,000
  80,000
D
 
Stock Option (Right to Buy) $ 55.46           10/23/2006(5) 10/22/2016 Common Stock
138,000
  138,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DUNN BRIAN J
7601 PENN AVENUE SOUTH
RICHFIELD, MN 55423		       President & COO  

Signatures

/s/ Lisa Beth Lentini Attorney-in-fact for Brian J. Dunn 04/12/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Vesting of restricted performance shares previously reported based upon the satisfaction of certain performance factors.
(2) Shares acquired in an exempt transaction under the company's Employee Stock Purchase Plan are included in this number.
(3) Restricted shares that will vest at 0% or 100% three years from the date of grant, depending on the satisfaction of certain performance factors.
(4) This number reflects a periodic acquisition of shares under the employee retirement savings account (401(k)) exempt from reporting under Section 16b-3(c).
(5) The date indicated is the grant date and the options vest in four equal annual installments beginning one year from such date.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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