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 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

(Print or Type Responses)

1. Name and Address of Reporting Person * JOYCE JOSEPH M   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) SVP - General Counsel (Last) (First) (Middle) 7601 PENN AVENUE SOUTH 3. Date of Earliest Transaction (Month/Day/Year) 11/03/2006 (Street) RICHFIELD, MN 55423 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(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 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 11/03/2006   M   1,096 (4) A $ 0 21,413 D   Common Stock 02/23/2007   F   359 (5) D $ 52.43 21,054 D   Common Stock               4,350 D (1)   Common Stock 02/23/2007   I   4,284 D $ 49.3 948 (3) 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 1474 (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 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)

$ 34.18

04/11/2002(2)

04/10/2012

Common Stock

12,236

12,236

D

Stock Option (Right to Buy)

$ 19.11

01/16/2003(2)

01/15/2013

Common Stock

5,625

5,625

D

Stock Option (Right to Buy)

$ 39.59

11/03/2003(2)

11/02/2013

Common Stock

14,138

14,138

D

Stock Option (Right to Buy)

$ 36.73

10/11/2004(2)

10/10/2014

Common Stock

19,125

19,125

D

Stock Option (Right to Buy)

$ 46.8

11/08/2005(2)

11/07/2015

Common Stock

13,067

13,067

D

Stock Option (Right to Buy)

$ 55.46

10/23/2006(2)

10/22/2016

Common Stock

10,380

10,380

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
JOYCE JOSEPH M 7601 PENN AVENUE SOUTH RICHFIELD, MN 55423			SVP - General Counsel

Signatures

/s/ Lisa Beth Lentini Attorney-in-fact for Joseph M. Joyce		02/27/2007
**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)	Restricted shares that will vest in a range from 0%-100% three years from the date of grant, depending on satisfaction of certain performance factors.
(2)	The date indicated is the grant date and the options vest in four equal annual installments beginnng one year from such date.
(3)	Shares held in Best Buy Company Stock Fund as of February 22, 2007. The fund is one investment option in the company 401(k) Plan. The increase in number of shares (to 5,232 prior to the divestiture) reflects periodic payroll acquisitions under the 401(k) Plan that are exempt under Rule 16b-3.
(4)	Vesting of restricted performance shares previously reported based upon the satisfaction of certain performance factors.
(5)	Shares automatically withheld upon vesting of restricted performance shares to satisfy tax withholding obligation.

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

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.