EXHIBIT 11.2

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Quarters 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			$  29,454	29,454		18,839	18,839
Effect of dilutive securities:
Change in fair value of liabilities potentially
settleable in common stock			-	(5,730	)	-	(8,520	)
Interest expense on contingent convertible
debentures due 2021			-	1,066		-	-
			------------	------------		------------	------------
Adjusted net earnings			$  29,454	24,790		18,839	10,319
			=======	=======		=======	=======
Weighted average number of shares
outstanding:
Outstanding at beginning of period			178,218	178,218		176,212	176,212
Exercise of stock options and warrants:
Actual exercise of options			245	245		205	205
Assumed exercise of options and warrants			-	2,181		-	2,529
Liabilities potentially settleable in
common stock			-	5,412		-	5,721
Contingent convertible debentures
due 2021			-	11,574		-	-
			------------	------------		------------	------------
		Total	178,463	197,630		176,417	184,667
			=======	=======		=======	=======
Per common share:
	Net earnings		$      0.17	0.13		0.11	0.06
			=======	=======		=======	=======