EXHIBIT 11

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings (Loss) Per Common Share

Quarters Ended March 27, 2005 and March 28, 2004

(Thousands of Dollars and Shares Except Per Share Data)

		2005				2004
		-----------------				-----------------
		Basic		Diluted		Basic	Diluted
		-------		-------		-------	-------
Net earnings (loss)		$  (3,713	)	(3,713	)	6,532	6,532
Effect of dilutive securities:
Change in fair value of liabilities potentially
settleable in common stock		-		-		-	(1,700	)
		-----------		------------		------------	-----------
Adjusted net earnings (loss)		$  (3,713	)	(3,713	)	6,532	4,832
		=======		=======		=======	=======
Weighted average number of shares
outstanding:
Outstanding at beginning of period		177,315		177,315		175,479	175,479
Exercise of stock options and warrants:
Actual exercise of options		448		448		263	263
Assumed exercise of options
and warrants		-		-		-	3,205
Liabilities potentially settleable in
common stock		-		-		-	5,006
		-----------		------------		------------	------------
	Total	177,763		177,763		175,742	183,953
		=======		=======		=======	=======
Per common share:
Net earnings (loss)		$    (0.02	)	(0.02	)	0.04	0.03
		=======		=======		=======	=======