EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarter Ended June 29, 2003 and June 30, 2002

(Thousands of Dollars and Shares Except Per Share Data)

				2003		2002
				-----------------		-----------------
				Basic	Diluted	Basic		Diluted
				-------	-------	-------		-------
Net earnings (loss) before cumulative effect
	of accounting change			$ 11,417	11,417	(25,888	)	(25,888	)
				=======	=======	=======		=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period			173,075	173,075	172,644		172,644
	Exercise of stock options and warrants:
		Actual exercise of options		252	252	79		79
		Assumed exercise of warrants		-	6,449	-		-
		Assumed exercise of options		-	1,119	-		-
				------------	------------	------------		------------
		Total		173,327	180,895	172,723		172,723
				=======	=======	=======		=======
Per common share:
	Net earnings (loss) before cumulative effect
			of accounting change	$     .07	.06	(.15	)	(.15	)
				=======	=======	=======		=======