EXHIBIT 11.1

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Six Months Ended June 26, 2005 and June 27, 2004

(Thousands of Dollars and Shares Except Per Share Data)

			2005			2004
			-----------------			-----------------
			Basic	Diluted		Basic	Diluted
			-------	-------		-------	-------
Net earnings			$  25,741	25,741		25,371	25,371
Effect of dilutive securities:
Change in fair value of liabilities potentially
settleable in common stock			-	(760	)	-	(10,220	)
			------------	------------		------------	------------
Adjusted net earnings			$  25,741	24,981		25,371	15,151
			=======	=======		=======	=======
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			798	798		600	600
Assumed exercise of options and warrants			-	2,239		-	2,868
Liabilities potentially settleable in
common stock			-	5,358		-	5,363
			------------	------------		------------	------------
		Total	178,113	185,710		176,079	184,310
			=======	=======		=======	=======
Per common share:
	Net earnings		$      0.14	0.13		0.14	0.08
			=======	=======		=======	=======