PUBLIC STORAGE INC /CA (Form: 4, Received: 08/19/2004 19:15:29)

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 ^* HUGHES B WAYNE 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 __ X __ 10% Owner _____ Officer (give title below) __ X __ Other (specify below) Member of Section 13(d) group
(Last) (First) (Middle) 701 WESTERN AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 8/18/2004
(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								11348	I	Joint Ownership ⁽¹⁾
Common Stock								4306709	D
Common Stock								25692	I	By wife as custodian ⁽²⁾
Common Stock								3390	I	Custodian ⁽³⁾
Common Stock								8506	I	Custodian ⁽⁴⁾
Common Stock								233	I	By wife IRA ⁽⁵⁾
Common Stock								344	I	By wife ⁽⁶⁾
Common Stock								1231	I	By IRA ⁽⁷⁾
Common Stock								17890	I	By wife as custodian ⁽⁸⁾
Common Stock	8/18/2004		P		14519.62	A	$47.66	36093.13	I	By 401(k) Plan ⁽⁹⁾
Depositary Shares Representing Equity Stock								43	I	Joint ownership ⁽¹⁾
Depositary Shares Representing Equity Stock								32159	D
Depositary Shares Representing Equity Stock								772	I	By wife as custodian ⁽²⁾
Depositary Shares Representing Equity Stock								96	I	Custodian ⁽³⁾
Depositary Shares Representing Equity Stock								213	I	Custodian ⁽⁴⁾
Depositary Shares Representing Equity Stock								7	I	By wife IRA ⁽⁵⁾
Depositary Shares Representing Equity Stock								11	I	By wife ⁽⁶⁾
Depositary Shares Representing Equity Stock								40	I	By IRA ⁽⁷⁾
Depositary Shares Representing Equity Stock								581	I	By wife as custodian ⁽⁸⁾
Depositary Shares Representing Equity Stock								1916.69	I	By 401(k) Plan ⁽⁹⁾

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

Explanation of Responses:
( 1)	By B. Wayne Hughes, Jr. and Tamara Hughes Gustavson - Separate Property.
( 2)	By wife as custodian for daughter.
( 3)	By reporting person as custodian for son.
( 4)	By reporting person as custodian for daughter.
( 5)	By custodian of an IRA for benefit of wife.
( 6)	By wife.
( 7)	By custodian of an IRA for benefit of reporting person.
( 8)	By wife as custodian for son.
( 9)	Based on plan information as of August 19, 2004. Purchase on August 18, 2004 was based on the price of August 13, 2004.

Remarks:
The reporting person disclaims the existence of a Section 13(d) group, and this report shall not be deemed an admission that such a group exists for purposes of Section 16 or for any other purpose.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HUGHES B WAYNE JR 701 WESTERN AVENUE GLENDALE, CA 91201-2349	X	X		Member of Section 13(d) group

Signatures
/s/ David Goldberg, Attorney in Fact		8/19/2004
^** 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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