EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarter Ended September 26, 2004 and September 28, 2003

(Thousands of Dollars and Shares Except Per Share Data)

				2004			2003
				-----------------			-----------------
				Basic	Diluted		Basic	Diluted
				-------	-------		-------	-------
Earnings before cumulative effect
	of accounting change			$  88,687	88,687		85,815	85,815
Effect of dilutive securities:
	Change in fair value of liabilities potentially
	settleable in common stock			-	(5,150	)	-	1,540
				------------	------------		------------	------------
Adjusted earnings before cumulative
	effect of accounting change			$  88,687	83,537		85,815	87,355
				=======	=======		=======	=======
Weighted average number of shares
outstanding:
	Outstanding at beginning of period			176,772	176,772		173,666	173,666
	Exercise of stock options and warrants:
	Actual exercise of options			113	113		167	167
	Assumed exercise of options and warrants			-	1,730		-	2,289
	Liabilities potentially settleable in:
		common stock		-	5,918		-	5,873
				------------	------------		------------	------------
		Total		176,885	184,533		173,833	181,995
				=======	=======		=======	=======
Per common share:
	Earnings before cumulative effect
			of accounting change	$     0.50	0.45		0.49	0.48
				=======	=======		=======	=======