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EXHIBIT 11

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings (Loss) Per Share

(Thousands of Dollars and Shares Except Per Share Data)

			2002			2001		2000
			Basic		Diluted	Basic	Diluted	Basic		Diluted
Net earnings (loss) before cumulative effect of accounting change			$	75,058	75,058	60,798	60,798	(144,631	)	(144,631	)
Weighted average number of shares outstanding:
	Outstanding at beginning of year			172,537	172,537	171,886	171,886	192,984		192,984
	Exercise of stock options and warrants:
		Actual		183	183	245	245	128		128
		Assumed		—	768	—	887	—		—
	Purchase of common stock			—	—	—	—	(16,675	)	(16,675	)
Equivalent shares				172,720	173,488	172,131	173,018	176,437		176,437
Earnings (loss) per share before cumulative effect of accounting change			$	.43	.43	.35	.35	(.82	)	(.82	)

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HASBRO, INC. AND SUBSIDIARIES Computation of Earnings (Loss) Per Share (Thousands of Dollars and Shares Except Per Share Data)