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 *

STATON DANIEL C 		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)

16193 BRIDLEWOOD CIRCLE 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/13/2004
(Street)

DELRAY BEACH, FL 33445
(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   8/13/2004     M    2580   A $20.3488   4038   D    
Depositary Shares Representing Equity Stock, Series A                  47   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)   (3) $22.9375                   5/1/2001   5/1/2010   Common Stock   833     833   D    
Stock Option (right to buy)   (3) $22.9375                   5/1/2002   5/1/2010   Common Stock   833     833   D    
Stock Option (right to buy)   (3) $22.9375                   5/1/2003   5/1/2010   Common Stock   834     834   D    
Stock Option (right to buy)   (3) $28.625                   5/6/2000   5/6/2009   Common Stock   833     833   D    
Stock Option (right to buy)   (3) $28.625                   5/6/2001   5/6/2009   Common Stock   833     833   D    
Stock Option (right to buy)   (3) $28.625                   5/6/2002   5/6/2009   Common Stock   834     834   D    
Stock Option (right to buy)   (1) $20.3488   8/13/2004     M        2580    3/12/1999   11/8/2004   Common Stock   2580   $0   0   D    
Stock Option (right to buy)   (1) $24.782                   3/12/1999   5/10/2005   Common Stock   2580     2580   D    
Stock Option (right to buy)   (1) $25.00                   3/12/1999   5/8/2006   Common Stock   2580     2580   D    
Stock Option (right to buy)   (3) $26.9375                   3/12/2000   3/12/2009   Common Stock   5000     5000   D    
Stock Option (right to buy)   (3) $26.9375                   3/12/2001   3/12/2009   Common Stock   5000     5000   D    
Stock Option (right to buy)   (3) $26.9375                   3/12/2002   3/12/2009   Common Stock   5000     5000   D    

Explanation of Responses:
( 1)  Stock options pursuant to the Storage Trust Realty 1994 Share Incentive Plan.
( 2)  Stock options pursuant to the 2001 Stock Option and Incentive Plan.
( 3)  Stock options pursuant to the 1996 Stock Option and Incentive Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
STATON DANIEL C
16193 BRIDLEWOOD CIRCLE
DELRAY BEACH, FL 33445 		X


Signatures
/s/ David Goldberg, Attorney in Fact 8/13/2004
** 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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