UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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) December 30, 2004


                              PUBLIC STORAGE, INC.
             (Exact name of registrant as specified in its charter)



         California                     1-8389                  95-3551121
         ----------                     ------                  ----------
(State or Other Jurisdiction   (Commission File Number)      (I.R.S. Employer
     Of Incorporation)                                    Identification Number)


701 Western Avenue, Glendale, California                              91201-2397
- ----------------------------------------                              ----------
(Address of principal executive offices)                              (Zip Code)


       Registrant's telephone number, including area code: (818) 244-8080
                                                           --------------


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


[ ] Written  communication  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 40.14d-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

As we have previously announced,  in November 2002, a shareholder of the Company
made a demand  on the  Board  that  challenged  the  fairness  of the  Company's
acquisition  of PS Insurance  Company,  Ltd.  ("PSIC")  from B. Wayne Hughes and
members of his family.  That transaction is currently the subject of a a lawsuit
entitled Gustvson,  et al. v. Public Storage,  Inc. (filed in the Superior Court
of Los Angeles in June 2003) and  iscurrently  set for trial at the end of March
2005.

At the end of December 2004, the same shareholder and a second shareholder filed
a  shareholder's   derivative  complaint  naming  as  defendants  the  Company's
directors  (and two  former  directors)  and  certain  officers  of the  Company
entitled  Potter,  et al. v. Hughes,  et al.  (United  States  District  Court -
Central District of California,  case no. 04CV10607). The matters alleged in the
complaint relate to PSIC, the Hughes family's Canadian mini-warehouse operations
and the Company's 1995 reorganization.

We are currently in the process of evaluating the recently filed  complaint.  We
believe that the litigation will not have any financially  adverse effect on the
Company (other that the costs and other expenses relating to the lawsuit).


                                   SIGNATURES





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.


                                          PUBLIC STORAGE, INC.


Dated:  January 10, 2005


                             By: /s/ David Goldberg
                                 ---------------------------------
                                 David Goldberg
                                 Vice President and Senior Counsel