EXHIBIT 11

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarters Ended March 28, 2004 and March 30, 2003

(Thousands of Dollars and Shares Except Per Share Data)

			2004			2003
			-----------------			-----------------
			Basic	Diluted		Basic	Diluted
			-------	-------		-------	-------
Net earnings			$  6,532	6,532		1,189	1,189
Effect of dilutive securities:
	Change in fair value of liabilities potentially
	settleable in common stock		-	(1,700	)	-	-
			------------	------------		------------	------------
Adjusted net earnings			$  6,532	4,832		1,189	1,189
			=======	=======		=======	=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period		175,479	175,479		172,805	172,805
	Exercise of stock options and warrants:
	Actual exercise of options		263	263		113	113
	Assumed exercise of options and warrants		-	3,205		-	5,771
	Liabilities potentially settleable in
		common stock	-	5,006		-	-
			------------	------------		------------	------------
		Total	175,742	183,953		172,918	178,689
			=======	=======		=======	=======
Per common share:
	Net earnings		$     0.04	0.03		0.01	0.01
			=======	=======		=======	=======