Filed Pursuant to Rule 424(b)(2)
                                                      Registration No. 333-69468




        PROSPECTUS SUPPLEMENT DATED NOVEMBER 16, 2001 TO PROSPECTUS DATED
                               SEPTEMBER 25, 2001




                              Public Storage, Inc.


         We are offering 100,000 depositary shares, each representing 1/1,000 of
a share of our Equity  Stock,  Series A, at $26.90  per  depositary  share.  The
depositary  shares are traded on the New York  Stock  Exchange  under the symbol
"PSA.A." The last reported sale price of the  depositary  shares on the New York
Stock Exchange on November 16, 2001 was $26.90 share.

         Cash distributions on the depositary shares will be payable when and if
declared  on our  common  stock at the rate of five times the  dividends  on our
common stock per depositary  share,  but not more the $2.45 per depositary share
per year. We intend to pay  distributions  on the  depositary  shares offered by
this prospectus supplement quarterly, beginning on December 31, 2001.

         The depositary  shares have no preference  over our common stock either
as to dividends or in liquidation.

         We may redeem any or all of the depositary shares on or after March 31,
2010 at $24.50 per share.  Before March 31, 2010, we may only redeem  depositary
shares to preserve our status as a real estate investment trust.

         The amount payable per depositary share upon liquidation is the same as
the amount  payable per share of our common stock,  but cannot exceed $24.50 per
depositary share.

         The depositary  shares are not convertible into our common stock unless
we fail to preserve our status as a real estate investment trust.

         Investing in our depositary shares involves risks. See "Risk Factors on
page 1 of the accompanying prospectus.

         Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus  supplement  or the  prospectus  to which it relates is  truthful  or
complete. Any representation to the contrary is a criminal offense.