11-K

                    SECURITIES AND EXCHANGE COMMISSION

                         WASHINGTON, D.C.  20549


                                FORM 11-K

(MARK ONE)
\X\  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006.

                                   OR

\ \  TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                   COMMISSION FILE NUMBER 1-6682

      A. FULL TITLE OF THE PLAN AND ADDRESS OF THE PLAN, IF DIFFERENT
                   FROM THAT OF ISSUER NAMED BELOW:

                 HASBRO, INC. RETIREMENT SAVINGS PLAN

      B. NAME OF ISSUER OF THE SECURITIES HELD PURSUANT TO THE PLAN AND
             THE ADDRESS OF ITS PRINCIPAL EXECUTIVE OFFICE:

                             HASBRO, INC.
                         1027 NEWPORT AVENUE
                       PAWTUCKET, RI 02862-1059


                           REQUIRED INFORMATION

I.     FINANCIAL STATEMENTS

  The following Plan financial statements and schedule prepared in accordance
with the financial reporting requirements of the Employee Retirement Income
Security Act of 1974 are filed herewith, as permitted by Item 4 of Form 11-K:

   Report of Independent Registered Public Accounting Firm
   Statements of Net Assets Available for Plan Benefits as of
    December 31, 2006 and 2005
   Statements of Changes in Net Assets Available for Plan Benefits for
    the years ended December 31, 2006 and 2005
   Notes to Financial Statements

   Supplemental Schedule:
    Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

    Other schedules are omitted as the required information is not applicable.


II.    EXHIBITS

23    Consent of Independent Registered Public Accounting Firm



                               SIGNATURE

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
Committee appointed by the Board of Directors of Hasbro, Inc. to administer the
Plan has duly caused this Annual Report on Form 11-K to be signed on its behalf
by the undersigned hereunto duly authorized.



Date: June 15, 2007                            /s/ David D.R. Hargreaves
      -------------                            --------------------------
                                               David D. R. Hargreaves
                                                Executive Vice President,
                                                 Finance and Global Operations
                                                 and Chief Financial Officer of
                                                Hasbro, Inc.







            Report of Independent Registered Public Accounting Firm

The Plan Administrator


Hasbro, Inc. Retirement Savings Plan:


We have audited the accompanying statements of net assets available for plan
benefits of the Hasbro, Inc. Retirement Savings Plan (the Plan) as of
December 31, 2006 and 2005, and the related statements of changes in net assets
available for plan benefits for the years then ended. These financial
statements are the responsibility of the Plan's management. Our responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan
as of December 31, 2006 and 2005, and the changes in net assets available for
plan benefits for the years ended December 31, 2006 and 2005, in conformity
with U.S. generally accepted accounting principles.

Our  audits  were  performed for the purpose of forming an opinion on the basic
financial statements  taken  as a whole. The supplemental Schedule H, Line 4i -
Schedule of Assets (Held at End  of  Year) as of December 31, 2006 is presented
for the purpose of additional analysis  and is not a required part of the basic
financial  statements  but  is  supplementary   information   required  by  the
Department of Labor's Rules and Regulations for Reporting and Disclosure  under
the  Employee Retirement Income Security Act of 1974. The supplemental schedule
is the  responsibility  of the Plan's management. The supplemental schedule has
been subjected to the auditing  procedures  applied  in the audits of the basic
financial  statements  and, in our opinion, is fairly stated  in  all  material
respects in relation to the basic financial statements taken as a whole.

As  further described in  Note  2,  during  2006  the  Plan  adopted  Financial
Accounting  Standards  Board Staff Position AAG INV-1 and Statement of Position
94-4-1, Reporting of Fully  Benefit-Responsive  Investment  Contracts  Held  by
Certain  Investment Companies Subject to the AICPA Investment Company Guide and
Defined-Contribution Health and Welfare and Pension Plans.




/s/ KPMG LLP

Providence, Rhode Island
June 12, 2007





                       HASBRO, INC. RETIREMENT SAVINGS PLAN

               Statements of Net Assets Available for Plan Benefits

                           December 31, 2006 and 2005


                                                     2006              2005
                                                     ----              ----
Assets:
    Cash                                        $    176,492           112,433
    Investments, at fair value                   296,264,214       269,927,132
                                                 -----------       -----------
          Total investments and cash (note 3)    296,440,706       270,039,565
                                                 -----------       -----------

Receivables:
     Loans to participants                         4,982,777         4,732,045
     Investment income                                   700               352
                                                 -----------       -----------
          Total receivables                        4,983,477         4,732,397
                                                 -----------       -----------

     Net assets, reflecting investments at
      fair value                                 301,424,183       274,711,962
                                                ------------       -----------

     Adjustment from fair value to contract
      value for fully benefit-responsive
      investment contracts                           484,389           442,469
                                                 -----------       -----------

     Net assets available for plan benefits     $301,908,572       275,214,431
                                                 ===========       ===========




See accompanying notes to financial statements.














                        HASBRO, INC. RETIREMENT SAVINGS PLAN

           Statements of Changes in Net Assets Available for Plan Benefits

                       Years ended December 31, 2006 and 2005


                                                       2006           2005
                                                      -----          -----
Additions to net assets attributed to:
  Investment income:
    Net appreciation in fair
      value of investments                        $  22,490,999    11,581,666
    Dividends and interest                           11,585,443     7,071,726
                                                    -----------   -----------
        Total investment income (note 3)             34,076,442    18,653,392
                                                    -----------   -----------

   Contributions:
    Rollovers                                         1,171,478       736,349
    Employee contributions                           13,715,951    12,458,209
    Employer matching contributions                   8,560,970     7,806,244
                                                    -----------   -----------
        Total contributions                          23,448,399    21,000,802
                                                    -----------   -----------

            Total additions                          57,524,841    39,654,194
                                                     -----------   -----------
Deductions from net assets attributed to:
  Termination, withdrawal and retirement
    payments directly to participants                30,747,710    26,279,705
  Administrative expenses                                82,990       109,931
                                                     ----------   -----------

            Total deductions                         30,830,700    26,389,636
                                                      ----------   -----------
            Net increase                             26,694,141    13,264,558

Net assets available for plan benefits:
  Beginning of year                                 275,214,431   261,949,873
                                                   ------------   -----------
  End of year                                    $  301,908,572   275,214,431
                                                   ============   ===========


See accompanying notes to financial statements.




                       HASBRO, INC. RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                            December 31, 2006 and 2005

(1) Description of Plan

   The following brief description of the Hasbro, Inc. Retirement Savings Plan
  (the Plan) is provided for general information purposes only. Participants
   should refer to the Plan agreement for more complete information.

   (a)  General
        The Plan is a defined contribution plan subject to the provisions of
        the Employee Retirement Income Security Act of 1974 (ERISA) and is
        available to substantially all domestic employees of Hasbro, Inc. and
        certain subsidiaries (collectively the Company or Plan Administrator).
        Participation in the Plan is voluntary and eligibility provisions
        apply.

   (b)  Contributions
        Eligible employees could contribute up to 50% of their eligible pay,
        limited to an annual maximum of $15,000 and $14,000,respectively, in
        2006 and 2005.  Contributions may be limited to less than the
        maximum percentage of eligible pay to enable the Company to meet IRS
        discrimination regulations.  The Company makes a matching
        contribution, except for Milton Bradley union employees, of 200% of
        the first 2% of the participants' eligible pay that they contribute per
        pay period, plus a 50% match of the next 4% of participants' eligible
        pay that they contribute per pay period up to a maximum matching
        contribution of 6% of a participant's eligible pay per pay period.  For
        Milton Bradley union employees, from January 1, 2005 to February 6,
        2005, the Company made a 25% matching contribution, up to a matching of
        6% of a participant's eligible pay per pay period.  For the remainder
        of 2005 and during 2006, the Company's matching contribution was 30%,
        up to a maximum matching of 6% of a participant's eligible pay per pay
        period.

        All eligible employees at least age 50 by the end of the calendar year
        are permitted to make additional pre-tax deferrals over and above the
        otherwise applicable limits. These additional deferrals are called
        "catch-up contributions."  The Company does not make a matching
        contribution.  Catch-up contributions may be made up to an additional
        $5,000 for 2006 and $4,000 for 2005.

   (c)  Benefits
        All participants currently employed by the Company own, or are vested
        in, 100% of the total value of their plan account, including the
        Company's 401(k) matching contribution to the Plan, except for Milton
        Bradley union employees who become 100% vested in Company
        contributions on January 1 following the completion of one year of
        service. Subsequent to December 31, 2006, the vesting provisions




                         HASBRO, INC. RETIREMENT SAVINGS PLAN

                            Notes to Financial Statements

                             December 31, 2006 and 2005

        related to Milton Bradley union employees were modified resulting in
        immediate vesting of Company contributions effective February 5, 2007.
        A participant's entire vested account will be paid upon
        retirement, disability, or termination of employment. The account
        balance will be paid to a beneficiary upon death of the participant.

        Participants in the Plan have the option of receiving their account
        either in a lump sum or in periodic installments.  Participants,
        except for terminated participants, may also make in-service
        withdrawals from their Pre-Tax Savings Contribution Account in the
        event of a demonstrated severe financial hardship as defined by the
        IRS Safe Harbor rules. Participants who have reached age 59 1/2
        may make in-service withdrawals from their vested accounts in the Plan
        for any reason.

   (d)  Participant Loans
        The maximum loan available to each participant is the lesser of (1)
        $50,000 reduced by the highest outstanding loan balance due from
        the participant during the preceding twelve months, or (2) 50% of the
        participant's vested account balance, reduced by the current
        outstanding loan balance due from the participant. The minimum loan
        amount available to participants is $500. Each loan shall bear a fixed
        interest rate on the 1st day of the month (for each month) at prime as
        published in the Wall Street Journal on the prior day. Repayment of the
        loan must be made over a period not to exceed five years, unless it is
        for the purchase of a primary residence, then the loan period cannot
        exceed ten years.

(2) Summary of Accounting Policies

    (a) Basis of Accounting
        The preparation of financial statements in conformity with accounting
        principles generally accepted in the United States of America requires
        the Plan Administrator to make estimates and assumptions that affect
        the reported amounts in the financial statements and accompanying
        notes. Actual results could differ from those estimates. The
        accompanying financial statements are presented on the accrual
        basis of accounting. Benefits payable at year end are not accrued for
        as they are considered to be a component of the net assets available
        for plan benefits.













                       HASBRO, INC. RETIREMENT SAVINGS PLAN

                         Notes to Financial Statements

                               December 31, 2006 and 2005


    (b) Investments
        On December 29, 2005, the Financial Accounting Standards Board (FASB)
        issued Financial Accounting Standards Board Staff Position (FSP) AAG
        INV-1 and Statement of Position 94-4-1, Reporting of Fully Benefit-
        Responsive Investment Contracts Held by Certain Investment Companies
        Subject to the AICPA Investment Company Audit Guide and Defined-
        Contribution Health and Welfare and Pension Plans (the "FSP").  The FSP
        provides a definition of fully benefit-responsive investment contracts
        and guidance on financial statement presentation and disclosure of
        fully benefit-responsive investment contracts.

        The Plan has adopted the FSP for the year ended December 31, 2006 and
        has retroactively restated the December 31, 2005 presentation of
        investments in the accompanying statements of Net Assets Available for
        Plan Benefits as required by the transition provisions of the FSP. One
        of the investment options offered by the Plan, the Stable Asset Fund
        for Employee Benefit Plans, is a common collective trust that is fully
        invested in contracts deemed to be fully benefit-responsive within the
        meaning of the FSP. The FSP requires that this investment be reported
        at fair value.  However, contract value is the relevant measure to the
        Plan because it is the amount that is available for Plan benefits.
        Accordingly, investments as reflected in the Statements of Net Assets
        Available for Plan Benefits state the Stable Asset Fund for Employee
        Benefit Plans at its fair value, with a corresponding adjustment to
        reflect the investment at contract value.  The adoption of the FSP had
        no impact on net assets available for plan benefit or changes in net
        assets available for plan benefit.

        Investments are stated at fair value. Company stock held in the Hasbro
        Stock Fund is valued at the composite closing price on the New York
        Stock Exchange. The fair value of other investments is determined daily
        by Fidelity Management Trust Company (the Trustee) on a per share basis
        using security prices quoted on national exchanges.

        Participant notes receivable are valued at cost, which approximates
        fair value.










                      HASBRO, INC. RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                          December 31, 2006 and 2005


        Security transactions received prior to 4:00 pm Eastern time by the
        Trustee are recognized on that business day. Transactions received
        after 4:00 pm Eastern time are valued as of the next business day.
        Interest income is recorded on the accrual basis and dividend income
        is recorded on the ex-dividend date.

        Net  appreciation  in  the  fair  value  of  investments  includes both
        realized and unrealized gains and losses.

    (c) Contributions
        Contributions from employees are accounted for when deducted from
        employees' wages. The Company's matching contributions are accrued at
        the time the employee's contributions are deducted. For years ended
        December 31, 2006 and 2005, employer and employee contributions for the
        last pay period of the year were paid to the Plan prior to the Plan's
        year end.

    (d) Payments of Benefits
        Benefits are recorded when paid.

    (e) Administrative Expenses
        The Plan bears all costs and general expenses incurred with regard to
        investment consulting, audit, legal and communication fees, other
        professional fees, independent fund managers and the purchase and sale
        of investments. Other costs of administration are paid for by the Plan
        Administrator.

3) Investment Information

        Participants may elect to have their accounts invested in one or more
        of the investment funds offered by the Plan. Investment funds offered
        by the Plan include the following nationally traded mutual funds: the
        Fidelity Equity Income Fund, the Fidelity Growth Company Fund, the
        Fidelity Freedom 2000 Fund, Fidelity Freedom 2010 Fund, the Fidelity
        Freedom 2020 Fund, the Fidelity Freedom 2030 Fund, the Fidelity Freedom
        2040 Fund, the Fidelity Freedom Income Fund, the PIMCO Total Return
        Fund, the Spartan US Equity Index Fund, and the Fidelity Diversified
        International Fund.  The following investment options were added as of
        July 1, 2005: Vanguard Small-Cap Index Fund, Vanguard Mid-Cap Index
        Fund, and Standish Mellon High Yield Bond Fund. The Fidelity Magellan
        Fund and Dreyfus Emerging Leaders Fund investment options were
        eliminated effective October 31, 2005.







                      HASBRO, INC. RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                          December 31, 2006 and 2005

    Participants can elect to invest up to 25% of their contributions in the
    Hasbro Stock Fund which is a unitized stock fund that invests in the stock
    of Hasbro, Inc. and other short term investments designed to allow
    participants to buy and sell without the usual trade settlement period for
    individual stock transactions. Ownership is measured in units of the fund
    instead of shares of stock. In addition, participants cannot elect to
    reallocate their investment funds that would result in 25% or more of their
    account invested in the Hasbro Stock Fund. The fair value of the cash and
    investments of the Hasbro Stock Fund was $2,957,782 as of December 31, 2006
    and $1,995,740 as of December 31, 2005.

    Participants may also elect to invest their funds in the Stable Asset Fund
    for Employee Benefit Plans. This fund is managed by Columbia Management
    Advisors, LLC. and invests in fixed income contracts. In the Statements of
    Net Assets Available for Plan Benefits, the Plan is required to reflect
    this investment at fair value, with a corresponding adjustment to contract
    value (see Note 2(b)). The fair value of this fund as of December 31, 2006
    and 2005 was $47,616,514 and $50,853,890, respectively. The contract value
    of the fund as of December 31, 2006 and 2005, which is a component of net
    assets available for plan benefits, totaled $48,100,903 and $51,296,359,
    respectively. This fund yielded approximately 4.59% and 4.20% for 2006 and
    2005, respectively.

    The following table represents the carrying value of investments, which
    were 5% or more of the Plan's net assets as of December 31, 2006:

    Spartan US Equity Index Fund                      $50,777,082
    Stable Asset Fund for Employee Benefit Plans       48,100,903
    Fidelity Growth Company Fund                       45,876,056
    Fidelity Equity Income Fund                        41,877,454
    Fidelity Diversified International Fund            32,639,330

    During 2006 and 2005, the Plan's investments (including gains and losses on
    investments bought and sold, as well as held during the year) appreciated
    in value by $22,490,999 and $11,581,666, respectively, as follows:

                                                    Year Ended December 31,
                                                     2006             2005
                                                    ------           ------
    Shares in Registered Investment Companies   $ 21,719,327      11,473,994
    Hasbro, Inc. Common Stock Fund                   771,672         107,672
                                                 -----------       ----------
                                                $ 22,490,999      11,581,666
                                                 ===========      ==========





                         HASBRO, INC. RETIREMENT SAVINGS PLAN

                            Notes to Financial Statements

                             December 31, 2006 and 2005


(4) Related Party Transactions

    Certain Plan investments are shares of mutual funds managed by Fidelity
    Management and Research Company, an affiliate of the Trustee, and,
    therefore, qualify as party-in-interest transactions. Additionally, the
    Plan holds investments in shares of Hasbro, Inc. common stock. The Plan had
    102,040 and 93,308 shares of common stock valued at $2,780,590 and
    $1,882,955, respectively, as of December 31, 2006 and 2005.  These
    transactions qualify as exempt party-in-interest transactions.

(5) Plan Termination

    Upon termination of the Plan and trust, each Participant shall be entitled
    to receive the vested amount standing to the credit of their account as of
    the final valuation date.  The Trustee shall make payments of such amounts
    as directed by the Plan Administrator.

    Although the Company has not expressed any intent to do so, it reserves the
    right to terminate the Plan at any time subject to ERISA provisions.

(6) Risks and Uncertainties

    The Plan provides for investments in various funds, which invest in equity
    and debt securities and other investments.  Such investments are exposed to
    risks and uncertainties, such as interest rate risk, credit risk, economic
    and political risks, regulatory changes, and foreign currency risk.  In
    addition, participants may elect to invest up to 25% of their contributions
    in the Hasbro Stock Fund.  The underlying performance of this fund is
    dependent upon the performance of the Company and the market's evaluation
    of such performance.  The Plan's exposure to a concentration of credit risk
    is subject to the Plan's investment funds selected by participants.  These
    risks and uncertainties could impact participants' account balances and the
    amounts reported in the financial statements.

(7) Federal Income Taxes

    The Internal Revenue Service issued a determination letter on January 21,
    2003, which stated that the Plan and its underlying trust are designed in
    accordance with applicable sections of the Internal Revenue Code (IRC), and
    therefore, are exempt from federal income taxes.







                       HASBRO, INC. RETIREMENT SAVINGS PLAN

        Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

                        Year ended December 31, 2006

    Issuer                       Investment Description         Current Value
    ------                       -----------------------        -------------

Stable Asset Fund for
  Employee Benefit Plans***       4,810,090 shares in          $  48,100,903 **
                                  common/collective trusts

Spartan US Equity Index Fund     1,011,899 shares in registered  50,777,082 **
                                  investment company

Fidelity Growth Company Fund*    658,099 shares in registered    45,876,056 **
                                  investment company

Fidelity Equity Income Fund*     715,243 shares in registered    41,877,454 **
                                  investment company

Fidelity Diversified             833,338 shares in registered    32,639,330 **
 International Fund*              investment company

Fidelity Freedom 2010 Fund*      918,322 shares in registered    13,425,864
                                  investment company

PIMCO Total Return Fund          1,023,082 shares in registered  10,619,590
                                  investment company

Vanguard Small-Cap Index         412,126 shares in registered    13,455,900
 Fund                             investment company

Vanguard Mid-Cap Index Fund      122,407 shares in registered    10,983,601
                                  investment company

Fidelity Freedom 2020 Fund*      692,299 shares in registered    10,751,409
                                  Investment company

Fidelity Freedom 2030 Fund*      482,035 shares in registered     7,727,027
                                   investment company

Hasbro Stock Fund *               102,040 shares of Hasbro, Inc.  2,780,590
                                   common stock
                                  Cash                              176,492

Fidelity Freedom 2040 Fund*       305,746 shares in registered    2,898,470
                                   investment company





Standish Mellon High Yield Bond   184,412 shares in registered    2,961,664
                                   investment company

Fidelity Freedom 2000 Fund*       66,983 shares in registered       834,611
                                   investment company

Fidelity Freedom Income Fund*     90,039 shares in registered     1,039,052
                                   investment company

                                                                -----------
  Investments and Cash                                        $ 296,925,095
                                                                ===========

Loans to Participants*            Interest rate 4.0% to 8.5%   $  4,982,777

 *Party-in-interest

**Represents greater than 5% of Plan assets at December 31, 2006.

*** Represents the contract value.  The fair value of this investment as of
December 31, 2006 was $47,616,514.

See accompanying report of independent registered public accounting firm.

EX-23

EXHIBIT 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Plan Trustees
Hasbro, Inc. Retirement Savings Plan:

We consent to incorporation by reference in registration statement No. 333-34282 on Form S-8 of the Hasbro, Inc. Retirement Savings Plan of our report dated June 12, 2007, relating to the statement of net assets available for plan benefits of the Hasbro, Inc. Retirement Savings Plan as of December 31, 2006 and 2005, and the related statements of changes in net assets available for plan benefits for the years then ended, and the related supplementary schedule, which report appears in the December 31, 2006 annual report on Form 11-K of the Hasbro, Inc. Retirement Savings Plan. Our report refers to a change in accounting for fully benefit-responsive investment contracts, in accordance with Financial Accounting Standards Board Staff Position AAG INV-1 and SOP 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Heal th and Welfare Benefit Plans.

/s/ KPMG LLP

Providence, Rhode Island

June 12, 2007