UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT



                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): June 21, 2007
                                 PUBLIC STORAGE
             (Exact Name of Registrant as Specified in its Charter)


             Maryland                      1-33519              95-3551121
---------------------------------  ------------------------  -----------------
 (State or Other Jurisdiction of   (Commission File Number)  (I.R.S. Employer
          Incorporation)                                     Identification No.)


 701 Western Avenue, Glendale, California                       91201-2349
------------------------------------------                      ----------
 (Address of Principal Executive Offices)                       (Zip Code)

                                 (818) 244-8080
              (Registrant's telephone number, including area code)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

|_|    Written  communication  pursuant to Rule 425 under the Securities Act (17
       CFR 230.425)

|_|    Soliciting  material  pursuant to Rule 14a-12  under the Exchange Act (17
       CFR 240.14a-12)

|_|    Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under  the
       Exchange Act (17 CFR 240.14d-2(b))

|_|    Pre-commencements  communications  pursuant  to Rule  13e-4(c)  under the
       Exchange Act (17 CFR 240.13e-4(c))







Item 7.01  Regulation FD Disclosure

On June 21, 2007,  Public  Storage's  subsidiary,  Shurgard Self Storage  Europe
Limited,  ("Shurgard  Europe") a developer,  owner and operator of  self-storage
centers  in Europe,  announced  that due to adverse  market  conditions,  it has
withdrawn the previously announced offering of shares on Euronext Brussels.








                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: June 21, 2007


                                                PUBLIC STORAGE

                                                By:  /s/ John Reyes
                                                     --------------
                                                     John Reyes
                                                     Senior Vice President and
                                                     Chief Financial Officer