HASBRO, INC. — Director's Dealing 2004

Aug 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HASBRO INC (HAS)
CIK: 0000046080
Period of Report: 2004-08-20

Reporting Person: NAGLER BARRY (Sr. VP, G.C. and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-20	Common Stock (Par Value $.50/share)	M	6000	$11.59	Acquired	21000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-20	Option (Right to Buy)	$11.59	M	6000	Disposed	2011-04-24	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Par Value $.50/share)	12	Indirect

Footnotes

F1: As custodian for the account of Alyssa Sage Nagler, Mr. Nagler's daughter, Mr. Nagler disclaims beneficial ownership of those shares.

F2: These options were granted pursuant to an employee stock option plan in compliance with Rule 16b-3 and have tandem tax withholding rights.

F3: 33 1/3% of the options become exercisable on the first anniversary of the date of grant and an additional 33 1/3% of the options become exercisable on each anniversary of the date of grant thereafter.