EXHIBIT 11.0

(Page 1 of 2)

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE

(In thousands, except per share amounts)

	For the Three Months Ended					For the Six Months Ended
	June 30, 2005			June 30, 2004		June 30, 2005			June 30, 2004
	(Unaudited)					(Unaudited)
BASIC
Net income (loss)	$	(93,987	)	$	23,555	$	(87,480	)	$	32,548
Applicable Shares for Computation of Income (Loss) per Share:
Weighted average common shares outstanding		409,769			419,177		412,915			423,673
Basic Income (Loss) Per Common Share:
Net income (loss) per common share	$	(0.23	)	$	0.06	$	(0.21	)	$	0.08

EXHIBIT 11.0

(Page 2 of 2)

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF INCOME PER COMMON AND COMMON EQUIVALENT SHARE

(In thousands, except per share amounts)

	For the Three Months Ended					For the Six Months Ended
	June 30, 2005			June 30, 2004		June 30, 2005			June 30, 2004
	(Unaudited)					(Unaudited)
DILUTED
Net income (loss)	$	(93,987	)	$	23,555	$	(87,480	)	$	32,548
Applicable Shares for Computation of Income (Loss) per Share:
Weighted average common shares outstanding		409,769			419,177		412,915			423,673
Weighted average common equivalent shares arising from:
Dilutive stock options		—			3,726		—			3,949
Weighted average number of common and common equivalent shares		409,769			422,903		412,915			427,622
Diluted Income (Loss) Per Common Share:
Net income (loss) per common share	$	(0.23	)	$	0.06	$	(0.21	)	$	0.08