PUBLIC STORAGE INC /CA (Form: 4, Received: 03/30/2004 19:58:18)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* REYES JOHN	2. Issuer Name and Ticker or Trading Symbol PUBLIC STORAGE INC /CA [ PSA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) Sr. Vice President & CFO
(Last) (First) (Middle) PUBLIC STORAGE, INC., 701 WESTERN AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 3/26/2004
(Street) GLENDALE, CA 91221 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Transaction Date (MM/DD/YYYY)	2A. Deemed Execution Date, if any (MM/DD/YYYY)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (MM/DD/YYYY)	2A. Deemed Execution Date, if any (MM/DD/YYYY)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	3/26/2004		M		20000	A	$24.875	40500	D
Common Stock	3/26/2004		S		20000	D	$48.7585	20500	D
Common Stock	3/30/2004		M		20000	A	$24.875	40500	D
Common Stock	3/30/2004		S		20000	D	$48.2004	20500	D
Common Stock								4067.194 ⁽¹⁾	I	By 401(k) plan
Depositary Shares Representing Equity Stock								650	D
Depositary Shares Representing Equity Stock								1060.450 ⁽¹⁾	I	By 401(k) plan

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (MM/DD/YYYY)

3A. Deemed Execution Date, if any (MM/DD/YYYY)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date

7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy) ⁽²⁾

$23.0625

12/13/2001

12/13/2010

Common Stock

53333

Stock Option (right to buy) ⁽²⁾

$23.0625

12/13/2002

12/13/2010

Common Stock

53333

Stock Option (right to buy) ⁽²⁾

$23.0625

12/13/2003

12/13/2010

Common Stock

53334

Stock Option (right to buy) ⁽²⁾

$23.3125

11/12/2000

11/12/2009

Common Stock

13333

Stock Option (right to buy) ⁽²⁾

$23.3125

11/12/2001

11/12/2009

Common Stock

13333

Stock Option (right to buy) ⁽²⁾

$23.3125

11/12/2002

11/12/2009

Common Stock

13334

Stock Option (right to buy) ⁽²⁾

$28.875

5/8/2000

5/8/2009

Common Stock

6666

Stock Option (right to buy) ⁽²⁾

$28.875

5/8/2001

5/8/2009

Common Stock

6667

Stock Option (right to buy) ⁽²⁾

$28.875

5/8/2002

5/8/2009

Common Stock

6667

Stock Option (right to buy) ⁽²⁾

$29.3125

5/27/1999

5/27/2008

Common Stock

3333

Stock Option (right to buy) ⁽²⁾

$29.3125

5/27/2000

5/27/2008

Common Stock

3333

Stock Option (right to buy) ⁽²⁾

$29.3125

5/27/2001

5/27/2008

Common Stock

3334

Stock Option (right to buy) ⁽²⁾

$26.25

11/20/1999

11/20/2008

Common Stock

4000

Stock Option (right to buy) ⁽²⁾

$26.25

11/20/2000

11/20/2008

Common Stock

4000

Stock Option (right to buy) ⁽²⁾

$26.25

11/20/2001

11/20/2008

Common Stock

4000

Stock Option (right to buy) ⁽²⁾

$24.875

3/26/2004

6666

11/12/1997

11/12/2006

Common Stock

6666

Stock Option (right to buy) ⁽²⁾

$24.875

3/26/2004

13334

11/12/1998

11/12/2006

Common Stock

13334

Stock Option (right to buy) ⁽²⁾

$24.875

3/30/2004

3333

11/12/1998

11/12/2006

Common Stock

3333

Stock Option (right to buy) ⁽²⁾

$24.875

3/30/2004

16667

11/12/1999

11/12/2006

Common Stock

16667

Explanation of Responses:
( 1)	Based on plan information as of February 23, 2004.
( 2)	Stock options granted pursuant to the 1996 Stock Option and Incentive Plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
REYES JOHN PUBLIC STORAGE, INC. 701 WESTERN AVENUE GLENDALE, CA 91221			Sr. Vice President & CFO

Signatures
/s/ John Reyes		3/30/2004
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.