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 *

Grafton Susan S	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)
VP, Cont. & Chief Acct. Off.	
(Last)          (First)          (Middle)

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

10/18/2007		
(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  	 	 	 	  	 	 	 	1248   (1)	D  	 	
Common Stock  	 	 	 	  	 	 	 	2046   (2)	I  	401(k)  	

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)  	$47.84  	10/18/2007  	 	A 	  	9145   	  	10/18/2007   (3)	10/17/2017  	Common Stock  	9145  	$0  	9145  	D  	 	
Stock Option (Right to Buy)  	$19.11  	 	 	  	  	  	  	1/16/2003  	1/15/2013  	Common Stock  	2400  	 	2400  	D  	 	
Stock Option (Right to Buy)  	$34.18  	 	 	  	  	  	  	4/11/2002  	4/10/2012  	Common Stock  	5850  	 	5850  	D  	 	
Stock Option (Right to Buy)  	$36.73  	 	 	  	  	  	  	10/11/2004  	10/10/2014  	Common Stock  	8978  	 	8978  	D  	 	
Stock Option (Right to Buy)  	$39.59  	 	 	  	  	  	  	11/3/2003  	11/2/2013  	Common Stock  	3000  	 	3000  	D  	 	
Stock Option (Right to Buy)  	$46.8  	 	 	  	  	  	  	11/8/2005  	11/7/2015  	Common Stock  	9312  	 	9312  	D  	 	
Stock Option (Right to Buy)  	$55.46  	 	 	  	  	  	  	10/23/2006  	10/22/2016  	Common Stock  	9055  	 	9055  	D  	 	

Explanation of Responses:	
(  1) 	Includes 159 shares acquired under the Best Buy employee stock purchase plan on October 4, 2007.	
(  2) 	This number reflects a periodic acquisition of shares under the employee retirement savings account (401(k)) exempt from reporting under Section 16b-3(c). Total is based on a plan statement as of October 18, 2007.	
(  3) 	The date indicated is the grant date and the options vest in four equal annual installments beginning one year from such date.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Grafton Susan S
7601 PENN AVENUE S.
RICHFIELD, MN 55423			VP, Cont. & Chief Acct. Off.		

Signatures		
/s/Lisa Beth Lentini, Attorney-in-Fact		10/22/2007	
** 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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