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
                                                                                  
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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 *

HAVNER RONALD L JR 		2. Issuer Name and Ticker or Trading Symbol

PUBLIC STORAGE INC /CA [ PSA ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Vice Chairman and CEO
(Last)          (First)          (Middle)

701 WESTERN AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/27/2004
(Street)

GLENDALE, CA 91201-2349
(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)
Code V Amount (A) or (D) Price
Common Stock   5/27/2004     M    26600   A $30.10   46600   I   As Trustee   (1)
Common Stock   5/27/2004     S    26600   D $45.6394   20000   I   As Trustee   (1)
Common Stock   5/28/2004     M    23400   A $30.10   43400   I   As Trustee   (1)
Common Stock   5/28/2004     S    23400   D $45.981   20000   I   As Trustee   (1)
Common Stock                  8353.715   (2) I   By 401(k) Plan  
Common Stock                  300   I   For benefit of son   (3)
Depositary Shares Representing Equity Stock, Series A                  307.334   (2) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   (4) $30.10   5/27/2004     M        26600    11/7/2003   11/7/2012   Common Stock   26600   $0   0   D    
Stock Option (right to buy)   (4) $30.10   5/28/2004     M        23400    11/7/2003   11/7/2012   Common Stock   56733   $0   33333   D    
Stock Option (right to buy)   (4) $30.10                   11/7/2004   11/7/2012   Common Stock   83333     83333   D    
Stock Option (right to buy)   (4) $30.10                   11/7/2005   11/7/2012   Common Stock   83334     83334   D    
Stock Option (right to buy)   (5) $24.875                   11/12/1997   11/12/2006   Common Stock   5000     5000   D    
Stock Option (right to buy)   (5) $24.875                   11/12/1998   11/12/2006   Common Stock   5000     5000   D    
Stock Option (right to buy)   (5) $24.875                   11/12/1999   11/12/2006   Common Stock   5000     5000   D    

Explanation of Responses:
( 1)  By Ronald L. Havner, Jr. and LeeAnn R. Havner, Trustees of the Havner Family Trust.
( 2)  Based on plan information as of June 1, 2004.
( 3)  By Ronald L. Havner, Jr. for benefit of son.
( 4)  Stock options granted pursuant to the 2001 Stock Option and Incentive Plan.
( 5)  Stock options granted pursuant to the 1996 Stock Option and Incentive Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HAVNER RONALD L JR
701 WESTERN AVENUE
GLENDALE, CA 91201-2349 		X
Vice Chairman and CEO
Signatures
David Goldberg, Attorney in Fact 6/1/2004
** 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.
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End of Filing


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