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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	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(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

ANDERSON BRADBURY H	2. Issuer Name and Ticker or Trading Symbol

BEST BUY CO INC [ BBY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Vice Chairman & CEO	
(Last)          (First)          (Middle)

7601 PENN AVENUE SOUTH	3. Date of Earliest Transaction (MM/DD/YYYY)

5/2/2006		
(Street)

RICHFIELD, MN 55423
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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  	5/2/2006  	 	M	  	330000  	A	$1.42  	1838652  	D  	 	
Common Stock  	5/2/2006  	 	S	  	330000  	D	$56.36  	1508652  	D  	 	
Common Stock  	 	 	 	  	 	 	 	125000  	D   (2)	 	
Common Stock  	 	 	 	  	 	 	 	169940  	I  	GRAT  	
Common Stock  	 	 	 	  	 	 	 	169940  	I  	Spouse GRAT  	
Common Stock  	 	 	 	  	 	 	 	337839  	I  	Family Limited Partnership  	
Common Stock  	 	 	 	  	 	 	 	11897  	I  	401(k)  	
Common Stock  	 	 	 	  	 	 	 	1800  	I  	Sons  	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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	7. Title and Amount of Securities Underlying Derivative Security
(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 Security: 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)  	$1.42  	5/2/2006  	 	M 	  	  	300000   	4/18/1997   (1)	4/17/2007  	Common Stock  	300000  	$0  	600000  	D  	 	
Stock Option (Right to Buy)  	$1.42  	5/2/2006  	 	M 	  	  	30000   	4/18/1997  	4/17/2007  	Common Stock  	30000  	$0  	60000  	D  	 	
Stock Option (Right to Buy)  	$7.64  	 	 	  	  	  	  	4/24/1998   (1)	4/23/2008  	Common Stock  	540000  	 	540000  	D  	 	
Stock Option (Right to Buy)  	$7.64  	 	 	  	  	  	  	4/24/1998  	4/23/2008  	Common Stock  	45000  	 	45000  	D  	 	
Stock Option (Right to Buy)  	$23.19  	 	 	  	  	  	  	4/16/1999   (1)	4/15/2009  	Common Stock  	135000  	 	135000  	D  	 	
Stock Option (Right to Buy)  	$23.19  	 	 	  	  	  	  	4/16/1999  	4/15/2009  	Common Stock  	11250  	 	11250  	D  	 	
Stock Option (Right to Buy)  	$31.17  	 	 	  	  	  	  	4/14/2000   (1)	4/13/2010  	Common Stock  	360000  	 	360000  	D  	 	
Stock Option (Right to Buy)  	$31.17  	 	 	  	  	  	  	4/14/2000  	4/13/2010  	Common Stock  	11250  	 	11250  	D  	 	
Stock Option (Right to Buy)  	$24.71  	 	 	  	  	  	  	4/27/2001   (1)	4/26/2011  	Common Stock  	337500  	 	337500  	D  	 	
Stock Option (Right to Buy)  	$24.71  	 	 	  	  	  	  	4/27/2001  	4/26/2011  	Common Stock  	11250  	 	11250  	D  	 	
Stock Option (Right to Buy)  	$34.18  	 	 	  	  	  	  	4/11/2002   (1)	4/10/2012  	Common Stock  	337500  	 	337500  	D  	 	
Stock Option (Right to Buy)  	$34.18  	 	 	  	  	  	  	4/11/2002  	4/10/2012  	Common Stock  	11250  	 	11250  	D  	 	
Stock Option (Right to Buy)  	$19.11  	 	 	  	  	  	  	1/16/2003   (1)	1/15/2013  	Common Stock  	112500  	 	112500  	D  	 	
Stock Option (Right to Buy)  	$20.65  	 	 	  	  	  	  	4/14/2003  	4/13/2013  	Common Stock  	11250  	 	11250  	D  	 	

Explanation of Responses:	
(  1) 	The date indicated is the grant date and the option vests in four equal, annual installments beginning one year from such date.	
(  2) 	Restricted shares that will vest on February 28, 2009, subject to the achievement of certain performance goals.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
ANDERSON BRADBURY H
7601 PENN AVENUE SOUTH
RICHFIELD, MN 55423	X		Vice Chairman & CEO		

Signatures		
/s/ Matthew J. Norman Attorney-in-fact for Bradbury H. Anderson		5/3/2006	
** Signature of Reporting Person		Date

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.	
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