FORM 4
       Check this box if no longer subject to Section 16.  Form 4 or Form 5 obligations may continue.
See Instruction 1(b).

(Print or Type Responses)	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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	OMB APPROVAL	
		OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response. . . 0.5	

 1. Name and Address of Reporting Person *

Thompson,    Mark    C.
(Last)            (First)              (Middle)

7075 Flying Cloud Drive
(Street)

Eden Prairie, MN   55344
(City)       (State)          (Zip)

 	 2. Issuer Name and Ticker
    or Trading Symbol

Best Buy Co., Inc.   BBY

 3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)

	 4. Statement for
 (Month/Day/Year)

12/24/02

 5. If Amendment, Date of
   Original (Month/Day/Year)

  / 
	 6. Relationship of Reporting Person(s) to Issuer
     (Check all applicable)

    X   Director
 
       10% Owner
 
       Officer (give title below)
 
       Other (specify below)

 

 7. Individual or Joint/Group
     Filing (Check Applicable Line)

    X   Form filed by One Reporting Person

       Form filed by More than One Reporting Person

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 Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)	7. Nature of Indirect Beneficial Ownership
(Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Stock	12/24/02	 	P	 	900	A	22.47	 	D	 	
Common Stock	12/24/02	 	P	 	100	A	22.48	2,300	D	 	

 	 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	 	

 

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 Following Reported Transaction(s)
(Instr. 4)	10. Ownership Form of Derivative Securities : Direct (D) or Indirect (I)
(Instr. 4)	11. Nature of Indirect Beneficial Ownership
(Instr. 4)	
				Code	V	(A)	(D)	Date
Exercisable	Expiration
Date	Title	Amount or Number of Shares					
Stock Option (Right to Buy)	46.75	 	 	 	 	 	 	4/14/00	4/13/10	Common Stock	 	 	7,500	D	 	
Stock Option (Right to Buy)	37.06	 	 	 	 	 	 	4/27/01	4/26/11	Common Stock	 	 	7,500	D	 	
Stock Option (Right to Buy)	51.27	 	 	 	 	 	 	4/11/02	4/10/12	Common Stock	 	 	7,500	D	 	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

 

 Explanation of Responses:

 

/s/ Nancy J. Wigchers
** Signature of Reporting Person	12/26/02
Date	
 	 	
Nancy J. Wigchers, Attorney-in-fact
 Mark C. Thompson	 	

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).
 
Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
 
http://www.sec.gov/divisions/corpfin/forms/form4.htm
Last update: 09/05/2002