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|UNITED STATESSECURITIES AND
EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K/A(Amendment No. 2)



[X] ANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE 
ACT OF 1934 
For the fiscal year
ended December 31, 2004 OR[   ] TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
EXCHANGE ACT OF 1934
For the transition
period from _______________ to _______________


Commission File No.
0-7843



4Kids Entertainment,
Inc.(Exact name of
registrant as specified in its charter)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|New York
      (State or other jurisdiction of 
      incorporation or organization) | 13-2691380
      (I.R.S. Employer
      Identification No.)
|------------------------------------------------------------------------------------ | -----------------------------------------------------------

|1414 Avenue of the Americas
      New York, New York
      (Address of principle executive offices) | 10019
      (Zip Code)
|--------------------------------------------------------------------------------------------------- | ----------------------

|Registrants telephone number, including area code:  (212) 758-7666Securities registered pursuant to Section 12(b) of the Act:  NoneSecurities registered pursuant to the Section 12(g) of the Act:Common Stock, $.01 Par Value
(Title of Class)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 
| | 

| | Indicate
by check mark whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to file such reports), and
(2) has been subject to the filing requirements for the past 90 days. Yes X No ___
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K
is not contained herein, and will not be contained, to the best of the Registrants
knowledge, in definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form 10-K. |   |
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate
by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of
the Act) Yes X No ___
| | ------------------------------------------------------------------------------------------------------------------------

| | The
aggregate market value of the voting stock held by non-affiliates of the Registrant,
based on the closing price of the Common Stock on June 30, 2004 as reported on the New
York Stock Exchange Market, was approximately $299,947,000. Shares of Common Stock held
by each officer and director and by each person who owns 5% or more of the outstanding
Common Stock have been excluded from this computation in that such persons may be deemed
to be affiliates. This determination of affiliate status is not necessarily a conclusive
determination for other purposes.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indicate
the number of shares outstanding of each of the Registrants classes of common
stock, as of the latest practicable date.
| | ---------------------------------------------------------------------------------------------------------------------------------

|Common Stock, $.01 Par Value
      (Title of Class) | 13,311,768
      (No. of Shares Outstanding at March 15, 2005)
|--------------------------------------------------- | --------------------------------------------------------------

| | 
| | 

| | Portions
of the Registrants Proxy Statement for the Annual Meeting of Stockholders to be
held on May 26, 2005 are incorporated by reference into Part III of the Annual Report on Form 10-K.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EXPLANATORY NOTE


4Kids Entertainment, Inc. (the
Company) is filing this Amendment No. 2 on Form 10-K/A (the
Amendment) to the Companys annual Report on Form 10-K for the
fiscal year ended December 31, 2004 (which was filed with the Securities and Exchange
Commission on March 16, 2005) pursuant to an exemptive order issued by the Securities
and Exchange Commission (SEC Release No. 34-50754). In accordance with the exemptive
order, the Company may include managements annual report on internal control over
financial reporting and the related report of the Companys independent registered
public accounting firm in an amendment to its annual report on Form 10-K not later
than forty five days after the prescribed period for filing such annual report on
Form 10-K. In compliance with the exemptive order, the Company is filing this
Amendment to:
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  |  |  | include management's annual report on internal control over financial reporting; and
| |  | - |  | ------------------------------------------------------------------------------------

| |  |  |  | include a Report of Independent Registered Public Accounting Firm relating to the
Companys assessment of internal control over financial reporting and the
effectiveness of internal control over financial reporting.
| |  | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|As a result of this Amendment, (1) the certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, filed
and furnished, respectively, as exhibits to the original filing, have been re-executed and re-filed as of the date of this Amendment;
and (2) a Consent of Independent Registered Public Accounting Firm dated April 28, 2005 to cover its report related to our internal
control over financial reporting and the effectiveness of internal control over the financial reporting is being filed.


Except
for the amendments described above, this Amendment does not modify or update the
Companys previously reported financial statements and other financial disclosures
in, or exhibits to, the original filing. Unaffected items have not been repeated in this
Amendment.


ITEM 9A. CONTROLS AND
PROCEDURES


Disclosure Controls and
Procedures


As
required by Rules 13a-15 and 15d-15 of the Securities Exchange Act of 1934, the
Company has evaluated, with the participation of management, including the Chief Executive
Officer and the Chief Financial Officer, as of the end of the period covered by this
report, the effectiveness of the design and operation of its disclosure controls and
procedures. Based on such evaluation, the Chief Executive Officer and Chief Financial
Officer have concluded that such disclosure controls and procedures are effective in
ensuring that material information relating to the Company, including its consolidated
subsidiaries, is made known to the certifying officers by others within the Company and
its consolidated subsidiaries during the period covered by this report. From time to time,
the Company reviews the disclosure controls and procedures, and may from time to time make
changes aimed at enhancing their effectiveness and to ensure that the Companys
systems evolve with its business.


Managements Report
on Internal Control over Financial Reporting


The
management of 4Kids Entertainment, Inc. is responsible for establishing and maintaining
adequate internal control over financial reporting.


The
Companys internal control over financial reporting is a process designed to provide
reasonable assurance to the Companys management and Board of Directors regarding the
reliability and preparation of published financial statements in accordance with
accounting principles generally accepted in the United States of America. All internal
control systems, no matter how well designed, have inherent limitations. Therefore, even
those systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation and may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are
subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.


-1-
The
Companys management assessed the effectiveness of the Companys internal
control over financial reporting as of December 31, 2004. In making this assessment,
the Company used the criteria set forth in Internal ControlIntegrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Based on managements assessment, the Company believes that, as of
December 31, 2004, the Companys internal control over financial reporting is
effective based on the criteria established in Internal Control-Integrated Framework.


Managements
assessment of the effectiveness of the Companys internal control over financial
reporting as of December 31, 2004, has been audited by the Companys independent
registered public accounting firm whose report follows this report.


Changes in Internal
Controls over Financial Reporting


There
was no change in the Companys internal control over financial reporting that
occurred during the quarter ended December 31, 2004 that has materially affected, or
is likely to materially affect, the Companys internal control over financial
reporting.
-2-

REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and
Stockholders of 4Kids Entertainment, Inc. and Subsidiaries


We have audited managements
assessment, included in the accompanying Managements Report on Internal Control
Over FinancialReporting, that 4Kids Entertainment, Inc. and subsidiaries (the
Company) maintained effective internal control over financial reporting as of
December 31, 2004, based on criteria established in Internal ControlIntegrated
Frameworkissued by the Committee of Sponsoring Organizations of the Treadway
Commission.  The Companys management is responsible for maintaining effective
internal control over financial reporting and for its assessment of the effectiveness of
internal control over financial reporting.  Our responsibility is to express an
opinion on managements assessment and an opinion on the effectiveness of the
Companys internal control over financial reporting based on our audit.


We conducted our audit in accordance
with the standards of the Public Company Accounting Oversight Board (United States). 
Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether effective internal control over financial reporting was maintained in all
material respects.  Our audit included obtaining an understanding of internal control
over financial reporting, evaluating managements assessment, testing and evaluating
the design and operating effectiveness of internal control, and performing such other
procedures as we considered necessary in the circumstances.  We believe that our
audit provides a reasonable basis for our opinions.


A companys internal control
over financial reporting is a process designed by, or under the supervision of, the
companys principal executive and principal financial officers, or persons performing
similar functions, and effected by the companys board of directors, management, and
other personnel to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles.  A companys internal control
over financial reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts
and expenditures of the company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition of the
companys assets that could have a material effect on the financial statements.


Because of the inherent limitations
of internal control over financial reporting, including the possibility of collusion or
improper management override of controls, material misstatements due to error or fraud may
not be prevented or detected on a timely basis.  Also, projections of any evaluation
of the effectiveness of the internal control over financial reporting to future periods
are subject to the risk that the controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may
deteriorate.


In our opinion, managements
assessment that the Company maintained effective internal control over financial reporting
as of December 31, 2004, is fairly stated, in all material respects, based on the criteria
established in Internal ControlIntegrated Frameworkissued by the Committee
of Sponsoring Organizations of the Treadway Commission.  Also in our opinion, the
Company maintained, in all material respects, effective internal control over financial
reporting as of December 31, 2004, based on the criteria established in Internal
ControlIntegrated Frameworkissued by the Committee of Sponsoring Organizations
of the Treadway Commission.


We have also audited, in accordance
with the standards of the Public Company Accounting Oversight Board (United States), the
consolidated financial statements as of and for the year ended December 31, 2004 of the
Company and our report dated March 16, 2005 expressed an unqualified opinion on those
financial statements.


DELOITTE & TOUCHE LLP


New York, NYApril 28,
2005



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| | SIGNATURES
| | ----------

| | Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4KIDS
ENTERTAINMENT, INC.Date: April 28, 2005
| | ---------------------------------------------

| | By:
/s/ Alfred R. Kahn
| | ----------------------

| | Alfred
R. Kahn Chairman of the Board
| | ------------------------------------

| | Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed
below by the following persons on behalf of the Registrant and in the capacities and on
the dates indicated.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4KIDS
ENTERTAINMENT, INC.Date: April 28, 2005
| | ---------------------------------------------

| | By:
/s/ Alfred R. Kahn
| | ----------------------

| | Alfred
R. Kahn   Chairman of the Board and   Chief Executive Officer and              Director
| | ----------------------------------------------------------------------------------------------

| | Date: April 28, 2005
| | --------------------

| | By:
/s/ Jay Emmett
| | ------------------

| | Jay Emmett            Director
| | ------------------------------

| | Date: April 28, 2005
| | --------------------

| | By:
/s/ Steven M. Grossman
| | --------------------------

| | Steven M. Grossman             Director
| | ---------------------------------------

| | Date: April 28, 2005
| | --------------------

| | By:
/s/ Richard Block
| | ---------------------

| | Richard Block            Director
| | ---------------------------------

| | Date: April 28, 2005
| | --------------------

| | By:
/s/ Michael Goldstein
| | -------------------------

| | Michael Goldstein             Director
| | --------------------------------------

| | Date: April 28, 2005
| | --------------------

| | By:
/s/ Joseph P. Garrity
| | -------------------------

| | Joseph P. Garrity    Executive Vice President, Treasurer, Principle Financial Officer, Principle Accounting       Officer and Director
| | --------------------------------------------------------------------------------------------------------------------------------------

|-4-
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| | 
| | 

|INDEX
OF EXHIBITS
|-----------------

|Exhibit
Number | Description                                                                               | Page
Number
|-------------- | ----------------------------------------------------------------------------------------- | -----------
|              
|23.1           | Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm.         
|              
|31.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350,             
|               | as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                     
|              
|31.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350,             
|               | as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                     
|              
|32.1           | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18      
|               | U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

|-5-
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