PUBLIC STORAGE INC /CA (Form: 4, Received: 08/12/2004 18:04:19)

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 ^* LENKIN HARVEY	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) President
(Last) (First) (Middle) 701 WESTERN AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 8/11/2004
(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)
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	8/11/2004		M		30700	A	$23.0625	130700	D
Common Stock	8/11/2004		S		30700	D	$48.	100000	D
Common Stock								473	I	By wife
Common Stock								777	I	By wife IRA ⁽¹⁾
Common Stock								308	I	By wife SEP IRA ⁽²⁾
Common Stock								1278	I	By IRA ⁽³⁾
Common Stock								1568	I	By son ⁽⁴⁾
Common Stock								123.5208 ⁽⁵⁾	I	By son IRA ⁽⁵⁾
Common Stock								28835.259 ⁽⁶⁾	I	By 401 (K) Plan
Depositary Shares Representing Equity Stock								1880	D
Depositary Shares Representing Equity Stock								100	I	By son ⁽⁴⁾
Depositary Shares Representing Equity Stock								112	I	By wife
Depositary Shares Representing Equity Stock								250	I	By IRA ⁽³⁾
Depositary Shares Representing Equity Stock								129.9145 ⁽⁵⁾	I	By IRA ⁽⁵⁾
Depositary Shares Representing Equity Stock								1074.525 ⁽⁶⁾	I	By 401(K) Plan
Depositary Shares Representing Equity Stock								82	I	By wife IRA ⁽¹⁾
Depositary Shares Representing Equity Stock								131	I	By wife SEP IRA ⁽²⁾

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) ⁽⁷⁾

$23.0625

8/11/2004

25333

12/13/2001

12/13/2010

Common Stock

25333

Stock Option (right to buy) ⁽⁷⁾

$23.0625

8/11/2004

5367

12/13/2002

12/13/2010

Common Stock

5367

Stock Option (right to buy) ⁽⁷⁾

$23.0625

12/13/2002

12/13/2010

Common Stock

31966

Stock Option (right to buy) ⁽⁷⁾

$23.0625

12/13/2003

12/13/2010

Common Stock

37334

Explanation of Responses:
( 1)	By a custodian of an IRA rollover for benefit of wife.
( 2)	By a custodian of a SEP IRA for benefit of wife.
( 3)	By a custodian of an IRA rollover for benefit of self.
( 4)	By wife as custodian for son.
( 5)	By custodian of an IRA for benefit of son. Includes automatic reinvestment of dividends through June 30, 2003.
( 6)	Based on plan information as of August 10, 2004.
( 7)	Stock options granted under the 1996 Stock Option and Incentive Plan.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LENKIN HARVEY 701 WESTERN AVENUE GLENDALE, CA 91201-2349	X		President

Signatures
/s/ Harvey Lenkin		8/12/2004
^** 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).
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