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 *

ABERNETHY ROBERT J 		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
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

AMERICAN STANDARD DEVELOPMENT, P.O. BOX 90855 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/9/2004
(Street)

LOS ANGELES, CA 90009-0855
(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   8/9/2004     M    2500   A $14.875   69068   D    
Depositary Shares Representing Equity Stock, Series A                  2108   D    

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)   (2) $43.33                   5/6/2005   5/6/2014   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $43.33                   5/6/2006   5/6/2014   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $43.33                   5/6/2007   5/6/2014   Common Stock   834     834   D    
Stock Option (right to buy)   (2) $32.91                   5/8/2004   5/8/2013   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $32.91                   5/8/2005   5/8/2013   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $32.91                   5/8/2006   5/8/2013   Common Stock   834     834   D    
Stock Option (right to buy)   (2) $37.73                   5/9/2003   5/9/2012   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $37.73                   5/9/2004   5/9/2012   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $37.73                   5/9/2005   5/9/2012   Common Stock   834     834   D    
Stock Option (right to buy)   (2) $26.81                   5/10/2002   5/10/2011   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $26.81                   5/10/2003   5/10/2011   Common Stock   833     833   D    
Stock Option (right to buy)   (2) $26.81                   5/10/2004   5/10/2011   Common Stock   834     834   D    
Stock Option (right to buy)   (1) $22.9375                   5/1/2001   5/1/2010   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $22.9375                   5/1/2002   5/1/2010   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $22.9375                   5/1/2003   5/1/2010   Common Stock   834     834   D    
Stock Option (right to buy)   (1) $28.625                   5/6/2000   5/6/2009   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $28.625                   5/6/2001   5/6/2009   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $28.625                   5/6/2002   5/6/2009   Common Stock   834     834   D    
Stock Option (right to buy)   (1) $27.6875                   11/4/1999   11/4/2008   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $27.6875                   11/4/2000   11/4/2008   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $27.6875                   11/4/2001   11/4/2008   Common Stock   834     834   D    
Stock Option (right to buy)   (1) $26.9375                   11/11/1998   11/11/2007   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $26.9375                   11/11/1999   11/11/2007   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $26.9375                   11/11/2000   11/11/2007   Common Stock   834     834   D    
Stock Option (right to buy)   (1) $22.50                   10/7/1997   10/7/2006   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $22.50                   10/7/1998   10/7/2006   Common Stock   833     833   D    
Stock Option (right to buy)   (1) $22.50                   10/7/1999   10/7/2006   Common Stock   834     834   D    
Stock Option (right to buy)   (3) $18                   11/13/1996   11/13/2005   Common Stock   833     833   D    
Stock Option (right to buy)   (3) $18                   11/13/1997   11/13/2005   Common Stock   833     833   D    
Stock Option (right to buy)   (3) $18                   11/13/1998   11/13/2005   Common Stock   834     834   D    

Explanation of Responses:
( 1)  Stock Options granted pursuant to the 1996 Stock Option and Incentive Plan.
( 2)  Stock Options granted pursuant to the 2001 Stock Option and Incentive Plan.
( 3)  Stock Options granted pursuant to the 1994 Stock Option and Incentive Plan.

Remarks:
First of two Form 4's filed by Robert J. Abernethy on August 10, 2004.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ABERNETHY ROBERT J
AMERICAN STANDARD DEVELOPMENT
P.O. BOX 90855
LOS ANGELES, CA 90009-0855 		X


Signatures
/s/ David Goldberg, Attorney in Fact 8/10/2004
** 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