EXHIBIT 11.1

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Nine Months Ended September 30, 2001 and October 1, 2000

(Thousands of Dollars and Shares Except Per Share Data)

				2001		2000
				-----------------		-----------------
				Basic	Diluted	Basic		Diluted
				-------	-------	-------		-------
Net earnings before cumulative effect
	of accounting change			$8,313	8,313	35,459		35,459
				=======	=======	=======		=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period			171,886	171,886	192,984		192,984
	Exercise of stock options and warrants:
		Actual		146	146	79		79
		Assumed		-	618	-		701
	Purchase of common stock			-	-	(15,126	)	(15,126	)
				------------	------------	------------		------------
		Total		172,032	172,650	177,937		178,638
				=======	=======	=======		=======
Per common share:
	Net earnings before cumulative effect
			of accounting change	$      .05	.05	.20		.20
				=======	=======	=======		=======