PUBLIC STORAGE INC /CA
SC 14D1/A, 1996-09-10
REAL ESTATE INVESTMENT TRUSTS
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                               _________________

                              AMENDMENT NO. 2 TO
                          STATEMENT ON SCHEDULE 14D-1

      Amendment to Tender Offer Statement Pursuant To Section 14(d)(1) of
                      the Securities Exchange Act of 1934
                               _________________

                               AMENDMENT NO. 2 TO
                           STATEMENT ON SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                                _________________

                                PS PARTNERS, LTD.
                            (Name of Subject Company)
                                _________________

                              Public Storage, Inc.
                                    (Bidder)
                                _________________

                      Units of Limited Partnership Interest
                         (Title of Class of Securities)
                                _________________

                                      NONE
                      (CUSIP Number of Class of Securities)
                                _________________

                                 DAVID GOLDBERG
                              Public Storage, Inc.
                        701 Western Avenue, Suite 200,
                        Glendale, California 91201-2397
                                 (818) 244-8080
           (Name, Address and Telephone Number of Person Authorized to
             Receive Notices and Communications on Behalf of Bidder)
                                _________________


                                  Introduction


         This statement is Amendment No. 2 to the Schedule 14D-1 which was
   filed by Public Storage, Inc. ("PSI") with the Securities and Exchange
   Commission on July 26, 1996, as previously amended by Amendment No. 1
   dated August 28, 1996, with respect to the offer by PSI to purchase up
   to 14,000 of the limited partnership units ("Units") in PS Partners,
   Ltd., a California limited partnership (the "Partnership") at a net cash
   price per Unit of $548.  Capitalized terms used in this Amendment No. 2
   and not otherwise defined shall have the meanings set forth in the Offer
   to Purchase dated July 26, 1996 and related Letter of Transmittal.

         This statement also constitutes Amendment No. 2 to Statement on
   Schedule 13D dated February 28, 1995, as previously amended by
   Amendment No. 1 (which was the Schedule 14D-1 filed on July 26,
   1996), filed by PSI.

         The Offer to Purchase expired on September 5, 1996 at 5:00 p.m.,
   New York City time.  At the expiration of the Offer, 4,532 Units
   (representing approximately 6.9% of the outstanding Units) had been
   tendered pursuant to the Offer.

   Item 6.     Interest in Securities of the Subject Company.

         Items 6(a) and (b) are hereby amended as follows:

         On September 5, 1996, PSI accepted for payment the 4,532 Units
   that had been validly tendered and not withdrawn pursuant to its Offer. 
   PSI has instructed the Depository to pay for such Units in accordance
   with the procedures set forth in its Offer to Purchase.

         As a result of this purchase of Units, as of September 5, 1996,
   PSI beneficially owned 45,316 Units (approximately 68.7%) of the
   outstanding Units of the Partnership.

   <PAGE>


                                  SIGNATURE

            After reasonable inquiry and to the best of its knowledge and
   belief, the undersigned certifies that the information set forth in this
   statement is true, correct and complete.


   Dated:  September 9, 1996              PUBLIC STORAGE, INC.


                                          By: /S/ DAVID GOLDBERG
                                              --------------------
                                              David Goldberg
                                              Senior Vice President
                                              and General Counsel



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