UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
ARMORED STORAGE INCOME INVESTORS LIMITED PARTNERSHIP
(an Arizona Limited Partnership)
(Name of Issuer)
Limited Partnership Units
(Title of Class of Securities)
NONE
(CUSIP Number)
David Goldberg, 701 Western Avenue, Suite 200, Glendale, California
91201-2397, 818/244-8080, ext. 529
---------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 7, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(b)(3) or (4), check
the following box [ ].
Check the following box if a fee is being paid with the statement [X].
(A fee is not required only if the reporting person: (1) has a
previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. N/A
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Public Storage, Inc.
2 Check the Appropriate Box if a Member of a Group*
a. [ ]
b. [ ]
3 SEC Use Only
4 Source of Funds*
WC
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6 Citizenship or Place of Organization
California
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7 Sole Voting Power
1,343
8 Shared Voting Power
N/A
9 Sole Dispositive Power
1,343
10 Shared Dispositive Power
N/A
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
1,343
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares* [ ]
13 Percent of Class Represented by Amount in Row (11)
8.95%
14 Type of Reporting Person*
CO
The Statement on Schedule 13D dated June 17, 1996 (the
"Schedule 13D") filed by Public Storage, Inc. ("PSI"), relating
to the limited partnership units (the "Units"), of Armored Storage
Income Investors Limited Partnership, an Arizona Limited Partnership
(the "Issuer") is amended by this Amendment No. 1 as set forth
below. Defined terms that are not defined herein have the meanings
assigned to those terms in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
The 1,343 Units owned by PSI (as of August 7, 1997) were acquired
for an aggregate purchase price (including fees) of $458,595 in cash,
with funds obtained from PSI's working capital.
Item 5. Interest in Securities of the Issuer
As of August 7, 1997, PSI owned 1,343 Units, representing
approximately 8.95% of the 15,000 Units outstanding. PSI has the sole
power to vote and the sole power to dispose of the 1,343 Units owned
by it.
During the 60-day period ending August 7, 1997, PSI engaged in
the following acquisition of Units at the following price:
Transaction No. of Units Type of Price per
Date Bought Transaction Unit
----------- ------------ ----------- ---------
8/07/97 285 <F1> $335.00
_______________
<F1> Private purchase.
<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, complete and correct.
Dated: August 14, 1997 PUBLIC STORAGE, INC.
By: /S/ DAVID GOLDBERG
-------------------
David Goldberg
Senior Vice President
and General Counsel
