EXHIBIT 12
HASBRO, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Six Months and Quarter Ended July 1, 2001
(Thousands of Dollars)
	Six
	Months		Quarter
	-------		-------
Earnings available for fixed charges:
Net loss	$(43,355	)	(18,331	)
Add:
Cumulative effect of accounting change	1,066		-
Fixed charges	62,459		30,839
Income taxes	(19,900	)	(8,626	)
	------------		----------
Total	$      270		3,882
	=======		======
Fixed Charges:
Interest on long-term debt	$ 43,336		21,666
Other interest charges	7,875		3,655
Amortization of debt expense	1,021		510
Rental expense representative
of interest factor	10,227		5,008
	------------		----------
Total	$ 62,459		30,839
	=======		======
Ratio of earnings to fixed charges	0.00		0.13
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