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):      January 4, 2007

                              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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

Item 8.01       Other Events.

     On January 4, 2007 Hasbro, Inc. (the "Company") issued a press release
announcing that, as a result of the Company's common stock (the "Common Stock")
closing above $23.76 per share for at least twenty of the last thirty trading
days in the fourth calendar quarter of 2006, holders of the Company's 2.75%
Convertible Senior Debentures Due 2021 (the "Debentures") may elect to convert
their Debentures into shares of Common Stock during the calendar quarter
beginning January 1, 2007 and ending March 31, 2007.

     A copy of the press release is furnished as exhibit 99 to this press

Item 9.01       Financial Statements and Exhibits.

           (d)  Exhibits

           99 Press Release, dated January 4, 2007, of Hasbro, Inc.


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.

Date: January 4, 2007                  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 January 4, 2007

                                Exhibit Index

Exhibit No.                          Exhibits

99              Press Release, dated January 4, 2007, of Hasbro, Inc.