EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarter Ended September 28, 2003 and September 29, 2002

(Thousands of Dollars and Shares Except Per Share Data)

				2003		2002
				-----------------		-----------------
				Basic	Diluted	Basic	Diluted
				-------	-------	-------	-------
Earnings before cumulative effect
	of accounting change			$  85,815	85,815	55,848	55,848
Effect of dilutive securities:
	Change in fair value of liabilities potentially
	settleable in common stock			-	1,540	-	-
				------------	------------	------------	------------
Adjusted earnings before cumulative
	effect of accounting change			$  85,815	87,355	55,848	55,848
				=======	=======	=======	=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period			173,666	173,666	172,755	172,755
	Exercise of stock options and warrants:
	Actual exercise of options			167	167	3	3
	Assumed exercise of options and warrants			-	2,289	-	527
	Liabilities potentially settleable in:
		common stock		-	5,873	-	-
				------------	------------	------------	------------
		Total		173,833	181,995	172,758	173,285
				=======	=======	=======	=======
Per common share:
	Earnings before cumulative effect
			of accounting change	$     0.49	0.48	0.32	0.32
				=======	=======	=======	=======