Exhibit 99.1

PUBLIC STORAGE, INC.
701 Western Avenue                                          Tel:  (818) 244-8080
Glendale, CA 91201-2349                                     Fax:  (818) 548-9288




To:      All Directors and Section 16 Executive Officers of Public Storage, Inc.

Re:      Notice of Blackout Period


Effective  January 1, 2006,  the Public Storage 401(k) Profit Sharing Plan ("the
Plan") will change  trustees.  As a result of these changes,  Plan  participants
will temporarily be unable to direct or diversify investments in their accounts,
including  Public Storage  securities held in the Plan (the "Blackout  Period").
The  Blackout  Period is scheduled to begin on December 18, 2006 and is expected
to end by Friday, January 19, 2007. The Blackout Period will overlap with Public
Storage's regularly scheduled trading blackout period for the fourth quarter.

This notice is to advise you of the upcoming  Blackout Period,  during which you
will not be permitted  directly or  indirectly,  to purchase,  sell or otherwise
acquire  or  transfer  any  equity  securities  of Public  Storage if the equity
security  was  acquired  in  connection  with your  service or  employment  as a
Director  or  Executive  Officer,  as defined  by  Section 16 of the  Securities
Exchange Act of 1934.  As a result,  during this  Blackout  Period,  you will be
unable to buy or sell any Public  Storage  stock or  securities,  including  any
transactions  outside the Plan,  and unable to  exercise  Public  Storage  stock
options,  if you  acquired  the  securities  as a result of being a director  or
executive officer.

If you have any questions  concerning  this notice,  please call Jack Baumann at
(818) 244-8080, extension 1318 or Stephanie Heim at (818) 244-8080