SECURITIES AND EXCHANGE COMMISSION


                              WASHINGTON, DC 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) September 29, 2006


                              PUBLIC STORAGE, INC.
             (Exact name of registrant as specified in its charter)


         California                     1-8389                  95-3551121
         ----------                     ------                  ----------
(State or Other Jurisdiction   (Commission File Number)      (I.R.S. Employer
     Of Incorporation)                                    Identification Number)


               701 Western Avenue, Glendale, California 91201-2397
               (Address of principal executive offices) (Zip Code)


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


                                       N/A
          (Former name or former address, if changed since last report)


(X)    Written communications  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-commencement  communications  pursuant to rule 13e-4(c) under the
       Exchange Act (17 CFR 240.13e-4(c))




Item 8.01   Other Events

On  September  29, 2006,  the Company  gave notice to the holders of  depositary
shares representing  interests in its 7.875% Cumulative  Preferred Stock, Series
S, of its  intent  to  redeem  at $25  per  share  all  such  depositary  shares
outstanding  on October 31, 2006. On such date, the Company will pay the holders
of  the  depositary   shares  an  aggregate  amount  of  $143,750,000  plus  any
accumulated  and  unpaid  dividends  from  October 1, 2006  through  the date of
redemption.





                                   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.


                                                    PUBLIC STORAGE, INC.

Dated: September 29, 2006

                                                    By: /s/ John Reyes
                                                        -------------------
                                                        John Reyes
                                                        Chief Finanacial Officer