SCHEDULE II

				    INFORMATION WITH RESPECT TO
                 TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                 SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

				            SHARES PURCHASED        AVERAGE
                        DATE            SOLD(-)             PRICE(2)

COMMON STOCK-HERCULES INC

          GABELLI SECURITIES, INC.
                       9/30/04            5,000-           14.2800
          MJG ASSOCIATES, INC.
            GABELLI INTERNATIONAL II LTD
                      10/01/04            3,000-           14.4400
            GABELLI INTERNATIONAL LTD
                      11/04/04            5,000-           14.7110
          GAMCO INVESTORS, INC.
                      11/23/04           91,600-             *DO
                      11/23/04            4,000-           14.6010
                      11/23/04            5,000-           14.6200
                      11/22/04            8,400-           14.7200
                      11/19/04            1,500            14.6500
                      11/19/04              300-           14.6300
                      11/18/04            5,000-           14.8000
                      11/18/04           65,000-           14.7029
                      11/18/04          250,000-             *DO
                      11/17/04           10,000-           14.4000
                      11/17/04            3,000-           14.3647
                      11/17/04            5,000-           14.6000
                      11/16/04            1,500            14.1500
                      11/16/04           15,000-           14.1767
                      11/16/04            1,500-           14.1500
                      11/16/04              260-             *DO
                      11/16/04            3,000            14.1500
                      11/16/04            4,500-           14.1500
                      11/16/04            3,000            14.1500
                      11/16/04            1,500-           14.1500
                      11/16/04           15,700            14.1713
                      11/15/04            2,000-           14.0910
                      11/15/04            1,000-           14.1320
                      11/12/04            5,000-           14.2090
                      11/12/04            7,000-           14.1299
                      11/09/04           17,200-           14.7613
                      11/09/04           10,000-           14.7140
                      11/09/04            8,000-           14.7408
                      11/09/04            4,900-           14.8218
                      11/08/04           12,000-           14.8583
                      11/08/04           10,000-           14.8054
                      11/05/04            5,100-           14.9153
                      11/05/04            4,147-           14.7786
                      11/04/04            1,500-           14.7933
                      11/04/04           40,000-           15.0219
                      11/03/04           35,000-           14.6764
                      11/03/04            5,000-           14.6764
                      11/03/04           10,000-           14.6578
                      11/03/04           10,000-           14.7200
                      11/02/04           10,000-           14.6062
                      11/02/04           25,000-           14.4526
                      10/29/04            5,000-           14.1000
                      10/29/04            2,000-           14.1200
                      10/28/04            5,000-           14.1400
                      10/28/04            5,000-           14.0352
                      10/28/04              500-             *DO
                      10/27/04            5,000-           14.1500
                      10/22/04           20,000-           14.2358
                      10/21/04            5,000-           14.2500
                      10/21/04           30,000-             *DO
                      10/21/04            5,000-           14.2200
                      10/21/04            5,000-           14.0700
                      10/20/04            4,500-           14.1200
                      10/19/04           20,000-           14.2510
                      10/19/04           15,000-           14.4867
                      10/19/04           10,000            14.2510
                      10/18/04            2,000-           14.3000
                      10/15/04            2,000-           14.3000
                      10/14/04              500-           14.1600
                      10/12/04            1,919-           14.2223
                      10/12/04            1,919            14.2223
                      10/12/04            1,919-           14.2223
                      10/08/04              300-           14.1800
                      10/08/04            1,000-           14.1700
                      10/08/04            1,800-             *DO
                      10/07/04            1,000-           14.4016
                      10/07/04            1,593-           14.4819
                      10/07/04            1,000            14.4016
                      10/06/04           13,500-           14.6000
                      10/06/04            5,400-           14.5791
                      10/06/04            5,000-           14.5000
                      10/05/04            1,000-           14.6200
                      10/05/04            5,000-           14.5820
                      10/05/04            2,100-           14.6514
                      10/04/04           10,000-           14.5020
                      10/04/04            1,700-             *DO
                      10/04/04           35,000-           14.5714
                      10/04/04            1,500-           14.6700
                      10/04/04            2,000-           14.6505
                      10/04/04           10,000-           14.6564
                      10/04/04            1,500-           14.5000
                      10/01/04           20,000-           14.3848
                      10/01/04            5,000-           14.3900
                      10/01/04            2,000-           14.3600
                       9/30/04           10,000-           14.1275
                       9/30/04           55,000-           14.2402
                       9/30/04              500-           14.2900
                       9/28/04           22,900-           13.4954
                       9/27/04            4,500-           13.1933
                       9/24/04            2,700-           13.5152
                       9/23/04            1,000-           13.4500
             GABELLI FUNDS, LLC.
               GABELLI VALUE FUND
                      11/17/04            6,000-           14.5217
                      11/15/04            5,000-           14.1970
                      10/06/04           13,000-           14.5543
                      10/05/04            7,000-           14.5500
               GABELLI SMALL CAP GROWTH FUND
                      10/21/04            5,000-           14.2470

(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
    ON THE NYSE.

(2) PRICE EXCLUDES COMMISSION.

(*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.