EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarter Ended June 30, 2002 and July 1, 2001

(Thousands of Dollars and Shares Except Per Share Data)

				2002				2001
				-----------------				-----------------
				Basic		Diluted		Basic		Diluted
				-------		-------		-------		-------
Net earnings (loss) before cumulative effect
	of accounting change			$ (25,888	)	(25,888	)	(18,331	)	(18,331	)
				=======		=======		=======		=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period			172,644		172,644		171,979		171,979
	Exercise of stock options and warrants:
		Actual		79		79		44		44
		Assumed		-		-		-		-
				------------		------------		------------		------------
		Total		172,723		172,723		172,023		172,023
				=======		=======		=======		=======
Per common share:
	Net earnings (loss) before cumulative effect
			of accounting change	$      (.15	)	(.15	)	(.11	)	(.11	)
				=======		=======		=======		=======