EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarters Ended June 27, 2004 and June 29, 2003

(Thousands of Dollars and Shares Except Per Share Data)

			2004			2003
			-----------------			-----------------
			Basic	Diluted		Basic	Diluted
			-------	-------		-------	-------
Net earnings			$  18,839	18,839		11,417	11,417
Effect of dilutive securities:
	Change in fair value of liabilities potentially
	settleable in common stock		-	(8,520	)	-	-
			------------	------------		------------	------------
Adjusted net earnings			$  18,839	10,319		11,417	11,417
			=======	=======		=======	=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period		176,212	176,212		173,075	173,075
	Exercise of stock options and warrants:
	Actual exercise of options		205	205		252	252
	Assumed exercise of options and warrants		-	2,529		-	7,568
	Liabilities potentially settleable in
		common stock	-	5,721		-	-
			------------	------------		------------	------------
		Total	176,417	184,667		173,327	180,895
			=======	=======		=======	=======
Per common share:
	Net earnings		$      0.11	0.06		0.07	0.06
			=======	=======		=======	=======