EXHIBIT 11.2

                         HASBRO, INC. AND SUBSIDIARIES
                    Computation of Earnings Per Common Share
                 Quarter Ended June 28, 1998 and June 29, 1997

(Thousands of Dollars and Shares Except Per Share Data)



                                          1998                 1997       
                                    -----------------    -----------------
                                     Basic    Diluted     Basic    Diluted
                                    -------   -------    -------   -------
                                                      
Net earnings                       $  5,453     5,453     12,981    12,981    
Interest and amortization on 6%
 convertible notes, net of taxes          -         -          -     1,437
                                    -------   -------    -------   -------
Net earnings applicable to
 common shares                     $  5,453     5,453     12,981    14,418
                                    =======   =======    =======   =======

Weighted average number of shares
 outstanding:
  Outstanding at beginning of
   period                           133,072   133,072    128,463   128,463
  Exercise of stock
   options and warrants:
    Actual                              196       196        102       102
    Assumed                               -     5,668          -     2,129
  Conversion of 6%
   convertible notes:
    Actual                                -         -          2         2
    Assumed                               -         -          -     7,630
  Purchase of common stock             (708)     (708)      (720)     (720)
                                    -------   -------    -------   -------
    Total                           132,560   138,228    127,847   137,606
                                    =======   =======    =======   =======

Per common share:
  Net earnings                     $    .04       .04        .10       .10
                                    =======   =======    =======   =======