EXHIBIT 99

                                 PRESS RELEASE

                                                          FOR IMMEDIATE RELEASE
                                               For more information: Susan Hoff
                                                            VP - Corp Comm & IR
                                                                 (612) 947-2443
                                                              shoff@bestbuy.com

                     BEST BUY ANNOUNCES 2-FOR-1 STOCK SPLIT

MINNEAPOLIS, FEBRUARY 22, 1999 - Best Buy Co., Inc. (NYSE: BBY) announced 
today that at the regularly scheduled meeting on Friday, February 19, 1999, 
the Company's Board of Directors approved a 2-for-1 stock split payable in 
the form of a 100% stock dividend.

Shareholders of record on Thursday, March 4, 1999, will receive one 
additional share for each share held, to be issued Thursday, March 18, 1999. 
This is the sixth split since Best Buy went public in 1985. The last split, 
also a 2-for-1, was in May 1998.

"We believe the Board's approval of the stock split communicates a high level 
of confidence in the Company and its long-term prospects," said Best Buy's 
Founder, Chairman and CEO Richard M. Schulze.  

Statements made in this news release, other than those concerning historical 
financial information, should be considered forward looking and subject to 
various risks and uncertainties. Such forward-looking statements are based on
management's beliefs and assumptions regarding information currently 
available, and are made pursuant to the "safe harbor" provisions of the 
Private Securities Litigation Reform Act of 1995. The Company's actual 
results could differ materially from those expressed in the forward-looking 
statements. Factors that could cause results to vary include, among others, 
those identified in the Company's filings with the Securities and Exchange 
Commission. The Company has no obligation to publicly update or revise any of 
the forward-looking statements that may be in this news release.

Founded in 1966, Best Buy Co., Inc. (NYSE: BBY) is the nation's largest 
volume specialty retailer of name-brand consumer electronics, personal 
computers, entertainment software and appliances. The Company is ranked 199 
on the Fortune 500 with annual revenues of $9 billion. Best Buy operates 311 
stores in 36 states and its common stock is traded on the New York Stock 
Exchange, symbol BBY. Visit the Company's Web site at www.bestbuy.com for 
more information.

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