EXHIBIT 12
HASBRO, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Nine Months and Quarter Ended September 28, 2003
(Thousands of Dollars)
	Nine
	Months	Quarter
	---------	---------
Earnings available for fixed charges:
Net earnings	$   81,070	68,464
Add:
Cumulative effect of accounting change	17,351	17,351
Fixed charges	50,296	15,618
Income taxes	36,972	32,309
	------------	----------
Total	$  185,689	133,742
	=======	======
Fixed charges:
Interest on long-term debt	$   34,677	9,813
Other interest charges	4,066	1,934
Amortization of debt expense	823	236
Rental expense representative
of interest factor	10,730	3,635
	------------	----------
Total	$   50,296	15,618
	=======	======
Ratio of earnings to fixed charges	3.692	8.563
	=======	======