SECURITIES AND EXCHANGE COMMISSION

                         WASHINGTON, D.C.  20549


                                FORM 8-K

                             CURRENT REPORT

                   PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of Earliest Event Reported):      April 21, 2003
                                                 -------------------------



                              HASBRO, INC.
                          --------------------
         (Exact name of registrant as specified in its charter)



 RHODE ISLAND                    1-6682                    05-0155090
--------------                ------------             -------------------
  (State of                   (Commission                 (IRS Employer
Incorporation)                File Number)             Identification No.)



1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND                   02862
------------------------------------------             -------------------
 (Address of Principal Executive Offices)                  (Zip Code)



                             (401) 431-8697
                     -------------------------------
           (Registrant's telephone number, including area code)




Item 5.    Other Events and Regulation FD Disclosure.

           The April 21, 2003 Press Release of the Company attached
           hereto as EXHIBIT 99 is incorporated herein by reference.

Item 7.    Financial Statements and Exhibits.

           (c) Exhibits

           99  Press Release, dated April 21, 2003, of Hasbro, Inc.

Item 12.   Results of Operations and Financial Condition.

           On April 21, 2003, we announced our financial results for the
           fiscal quarter ended March 30, 2003, and certain other
           information. The press release, which has been attached as
           Exhibit 99 discloses a financial measure, Earnings before
           Interest, Taxes, Depreciation and Amortization ("EBITDA"), that
           is considered a non-GAAP financial measure as defined under SEC
           rules. Generally, a non-GAAP financial measure is a numerical
           measure of a company's performance, financial position, or cash
           flows that either excludes or includes amounts that are not
           normally excluded or included in the most directly comparable
           measure calculated and presented in accordance with generally
           accepted accounting principles. In order to fully assess our
           financial operating results, management believes that EBITDA is
           an appropriate measure of evaluating our operating performance,
           because it reflects the resources available for strategic
           opportunities including, among others, to invest in the
           business, strengthen the balance sheet and make strategic
           acquisitions. However, this measure should be considered in
           addition to, and not as a substitute for, or superior to,
           operating income or other measures of financial performance
           prepared in accordance with generally accepted accounting
           principles as more fully discussed in our financial statements
           and filings with the SEC. The non-GAAP measure included in our
           press release has been reconciled to the nearest GAAP measure as
           is now required under new SEC rules regarding the use of non-GAAP
           financial measures.

           As used herein, "GAAP" refers to accounting principles generally
           accepted in the United States




                                SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                             HASBRO, INC.
                                             ------------
                                             (Registrant)


Date: April 21, 2003                     By:  /s/ David D. R. Hargreaves
                                              --------------------------
                                              David D. R. Hargreaves

                                              Senior Vice President and
                                              Chief Financial Officer
                                              (Duly Authorized Officer and
                                              Principal Financial Officer)




                                  HASBRO, INC.
                           Current Report on Form 8-K
                             Dated April 21, 2003


                                 Exhibit Index

Exhibit
  No.                              Exhibits
-------                            --------

99           Press Release, dated April 21, 2003, of Hasbro, Inc.