Rule 424(b)(2)
                                                File Nos. 33-49696 and 33-64971

                               Public Storage, Inc.

                        Supplement Dated March 28, 1996 to
                        Prospectus Dated December 27, 1995

         The Company is hereby offering to sell 58,955 shares of convertible
   Preferred Stock (collectively, the "Stock") to State Street Bank and Trust
   Company, as trustee for Ameritech Pension Trust, pursuant to the Prospectus
   dated December 27, 1995, as supplemented herein, in exchange for the limited
   partnership interests in Diversified Storage Fund and Diversified Storage
   Fund II, partnerships in which affiliates of the Company are the general
   partners.

         The Stock (i) in preference to the holders of shares of the Common
   Stock and any other capital stock ranking junior to the Stock, as to payment
   of dividends, provides for dividends of $1,916,037.50 per quarter, (ii) is
   convertible at the option of the holder at any time at a rate of 35.014
   shares of Common Stock for each share of Stock (the "Conversion Rate") into
   an aggregate of 2,064,250 shares of Common Stock (the "Conversion Shares"),
   subject to the Company's right to pay cash, in lieu of issuing Conversion
   Shares and (iii) will automatically convert into Conversion Shares at the
   Conversion Rate on December 31, 1999, subject to the Company's right to pay
   cash, in lieu of issuing Conversion Shares.  The amount of cash payable in
   lieu of issuing Conversion Shares (the "Conversion Price") would be the
   value of the Conversion Shares, based upon the average daily closing price
   during the 45 day period ending seven days prior to conversion.  Not less
   than 5,000 Shares of Stock may be converted at any one time.  The number of
   Conversion Shares issuable, or the Conversion Price payable, upon conversion
   is subject to increase if there are accumulated unpaid dividends on the
   Stock.

         In the event of any voluntary or involuntary liquidation, dissolution
   or winding up of the Company, the holders of the Stock will be entitled to
   receive out of the Company's assets available for distribution to
   shareholders, before any distribution of assets is made to holders of Common
   Stock or any other shares of capital stock ranking as to such distributions
   junior to the Stock, a liquidation preference equal to the greater of (i)
   $58,955,000, plus all accrued and unpaid dividends and (ii) the Conversion
   Price (computed as though the Stock was being converted at the time of
   liquidation).

         The Stock has the same voting rights, on a share for share basis, as
   the Common Stock and the approval of a majority of the outstanding shares of
   the Stock, voting separately as a class, is required for any amendment to
   the Articles of Incorporation that adversely affects the Stock.  In
   addition, if the equivalent of six quarterly dividends payable on the Stock
   or any other series of preferred stock are in default (whether or not
   declared or consecutive), holders of the Stock (voting as a class with all
   other series of preferred stock) will be entitled to elect two additional
   directors until all dividends in default have been paid or declared and set
   apart for payment.