SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                               _________________

                              AMENDMENT NO. 2 TO
                          STATEMENT ON SCHEDULE 14D-1

      Amendment to Tender Offer Statement Pursuant To Section 14(d)(1) of
                      the Securities Exchange Act of 1934
                               _________________

                               AMENDMENT NO. 4 TO
                           STATEMENT ON SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                                _________________

                               PS PARTNERS IV, LTD.
                            (Name of Subject Company)
                                _________________

                              Public Storage, Inc.
                                    (Bidder)
                                _________________

                      Units of Limited Partnership Interest
                         (Title of Class of Securities)
                                _________________

                                      NONE
                      (CUSIP Number of Class of Securities)
                                _________________

                                 DAVID GOLDBERG
                              Public Storage, Inc.
                        701 Western Avenue, Suite 200,
                        Glendale, California 91201-2397
                                 (818) 244-8080
           (Name, Address and Telephone Number of Person Authorized to
             Receive Notices and Communications on Behalf of Bidder)
                                _________________


                                  Introduction

         This statement is Amendment No. 2 to the Schedule 14D-1 which was
   filed by Public Storage, Inc. ("PSI") with the Securities and Exchange
   Commission on December 24, 1996, as previously amended by Amendment
   No. 1 dated January 30, 1997, with respect to the offer by PSI to
   purchase up to 25,000 of the limited partnership units ("Units") in PS
   Partners IV, Ltd., a California limited partnership (the "Partnership")
   at a net cash price per Unit of $300.  Capitalized terms used in this
   Amendment No. 2 and not otherwise defined shall have the meanings set
   forth in the Offer to Purchase dated December 24, 1996 and related
   Letter of Transmittal.

         This statement also constitutes Amendment No. 4 to Statement on
   Schedule 13D dated April 21, 1994, as previously amended and restated
   by Amendment No. 1 dated June 3, 1994 and Amendment No. 2 dated
   November 20, 1995 and amended by Amendment No. 3 (which was the
   Schedule 14D-1 filed on December 24, 1996), filed by PSI.

         The Offer to Purchase expired on February 19, 1997 at 5:00 p.m.,
   New York City time.  At the expiration of the Offer, 14,787 Units
   (representing approximately 11.6% of the outstanding Units) had been
   tendered pursuant to the Offer.

   Item 6.     Interest in Securities of the Subject Company.

         Items 6(a) and (b) are hereby amended as follows:

         On February 19, 1997, a wholly-owned subsidiary of PSI accepted
   for payment the 14,787 Units that had been validly tendered and not
   withdrawn pursuant to the Offer.  PSI has instructed the Depository
   to pay for such Units in accordance with the procedures set forth in
   the Offer to Purchase.

         As a result of this purchase of Units, as of February 19, 1997,
   PSI beneficially owned 69,448 Units (approximately 54.3%) of the
   outstanding Units of the Partnership.

   

                                  SIGNATURE

            After reasonable inquiry and to the best of its knowledge and
   belief, the undersigned certifies that the information set forth in this
   statement is true, correct and complete.

   Dated:  February 24, 1997              PUBLIC STORAGE, INC.


                                          By: /S/ DAVID GOLDBERG
                                              --------------------
                                              David Goldberg
                                              Senior Vice President
                                              and General Counsel