Exhibit 99.3

FOR IMMEDIATE RELEASE:

Contact: John F. Kenny, Jr.
         Executive Vice President and
         Chief Financial Officer
         (617) 535-4799

                 IRON MOUNTAIN INCORPORATED PRICES DEBT OFFERING

BOSTON, MA--December 16, 2002--Iron Mountain Incorporated (NYSE: IRM), the
global leader in records and information management services, announced today
that it has priced an underwritten public offering of $100 million in aggregate
principal amount of 7-3/4% Senior Subordinated Notes due 2015. The notes will be
sold at 100% of par. The net proceeds to the Company are expected to be $98.4
million, after paying the underwriters' discounts and commissions and estimated
expenses, and will be used to fund the Company's offer to purchase and consent
solicitation relating to its outstanding 9-1/8% Senior Subordinated Notes due
2007, or to otherwise redeem the 9-1/8% notes, to repay outstanding borrowings
under the Company's revolving credit facility and for general corporate
purposes, including future acquisitions. The closing of the offering is expected
to occur on December 30, 2002 and is subject to customary closing conditions.

Bear, Stearns & Co. Inc. is the sole book-running manager of the offering.

Iron Mountain Incorporated is making the offering by means of a shelf
registration statement previously declared effective by the Securities and
Exchange Commission. Copies of the final Prospectus Supplement and Prospectus
for the offering may be obtained from Bear, Stearns & Co. Inc.

This announcement shall not constitute an offer to sell or the solicitation of
any offer to buy securities, nor shall there be any sale of these securities in
any state in which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state.

ABOUT IRON MOUNTAIN

Iron Mountain Incorporated was founded in 1951 as one of the first records
management companies. Today, Iron Mountain is the global leader in records and
information management services, providing services to over 150,000 customer
accounts in 81 markets in the United States and 47 markets outside of the United
States. Its diversified customer base includes more than half of the Fortune 500
and numerous commercial, legal, banking, healthcare, accounting, insurance,
entertainment and government organizations. The Company operates over 650
records management facilities in the United States, Canada, Europe, and Latin
America. For more information, visit www.ironmountain.com.


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