EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarter Ended July 1, 2001 and July 2, 2000

(Thousands of Dollars and Shares Except Per Share Data)

				2001				2000
				-----------------				-----------------
				Basic		Diluted		Basic		Diluted
				-------		-------		-------		-------
Net earnings (loss) before cumulative effect
	of accounting change			$ (18,331	)	(18,331	)	6,500		6,500
				=======		=======		=======		=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period			171,979		171,979		171,798		171,798
	Exercise of stock options and warrants:
		Actual		44		44		38		38
		Assumed		-		-		-		1,118
	Purchase of common stock			-		-		(215	)	(215	)
				------------		------------		------------		------------
		Total		172,023		172,023		171,621		172,739
				=======		=======		=======		=======
Per common share:
	Net earnings (loss) before cumulative effect
			of accounting change	$      (.11	)	(.11	)	.04		.04
				=======		=======		=======		=======