<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
         SELF-STORAGE FACILITIES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  1/81    Newport News/Jefferson Avenue I        $993,000        $108,000       $1,071,000         $357,000                  
  1/81    Virginia Beach/Diamond Springs        1,081,000         186,000        1,094,000          358,000                  
  8/81    San Jose/Snell                                          312,000        1,815,000          242,000                  
 10/81    Tampa/Lazy Lane                                         282,000        1,899,000          455,000                  
 11/81    Hayward/Whipple                                         463,000        1,970,000          257,000                  
  6/82    San Jose/Tully I                      1,405,000         645,000        1,579,000          344,000                  
  6/82    San Carlos/Shoreway Rd.               1,704,000         780,000        1,387,000          328,000                  
  6/82    Mountain View                         2,405,000       1,180,000        1,182,000          429,000                  
  6/82    Cupertino/Storage                     1,886,000         572,000        1,270,000          283,000                  
 10/82    Sorrento Valley                       1,734,000       1,002,000        1,343,000          121,000                  
 10/82    Northwood                             2,578,000       1,034,000        1,522,000          102,000                  
  3/85    Houston/Westheimer                      835,000         850,000        1,179,000          629,000                  
  3/86    Tampa/56th                              738,000         450,000        1,360,000          276,000                  
 12/86    Monrovia/Myrtle Avenue                1,946,000       1,149,000        2,446,000          117,000                  
 12/86    Chatsworth/Topanga                    1,284,000       1,447,000        1,243,000          160,000                  
 12/86    Houston/Larkwood                        429,000         246,000          602,000          256,000                  
 12/86    Northridge                            2,931,000       3,624,000        1,922,000          230,000                  
 12/86    Santa Clara/Duane                     1,204,000       1,950,000        1,004,000          242,000                  
 12/86    Oyster Point                                          1,569,000        1,490,000          227,000                  
 12/86    Walnut A                                                767,000          613,000          106,000                  
  6/88    Mesquite/Sorrento Drive                                 928,000        1,011,000          590,000                  
  3/92    Dallas/Walnut St.                                       537,000        1,008,000          134,000                  
  5/92    Camp Creek                                              576,000        1,075,000           70,000                  
  8/92    Tampa/N.Dale Mabry                                      808,000        1,537,000          144,000                  
  9/92    Orlando/W. Colonial                                     368,000          713,000           40,000                  
  9/92    Jacksonville/Arlington                                  554,000        1,065,000           55,000                  
 10/92    Stockton/Mariners                                       381,000          730,000           33,000                  
  1/92    Costa Mesa II                                           533,000          980,000          561,000                  
 11/92    Virginia Beach/General Booth Blvd                       599,000        1,119,000           47,000                  
  1/93    Redwood City/Storage                                    907,000        1,684,000          106,000                  
  1/93    City Of Industry                                      1,611,000        2,991,000          393,000                  
  1/93    San Jose/Felipe II                                    1,124,000        2,088,000          126,000                  
  1/93    Baldwin Park/Garvey Ave                                 840,000        1,561,000           85,000                  
  3/93    Westminister/W. 80th                                    840,000        1,586,000           62,000                  
  5/93    Austin /N. Lamar Blvd. III                              919,000        1,695,000           65,000                  
  7/93    Austin/So. Congress Ave                                 777,000        1,445,000          174,000                  
  6/93    Citrus Heights/Sylvan Road                              438,000          822,000           87,000                  
</TABLE>

                                      F-24
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  5/93    Jacksonville/Phillips Hwy.                              406,000          771,000           48,000                  
  5/93    Tampa/Nebraska Avenue                                   550,000        1,043,000           28,000                  
  4/93    Costa Mesa/Newport                      969,000       2,141,000        3,989,000          119,000                  
  6/93    Calabasas/Ventura Blvd.                               1,762,000        3,269,000           98,000                  
  6/93    Carmichael/Fair Oaks                                    573,000        1,052,000           57,000                  
  6/93    Santa Clara/Duane II                                    454,000          834,000           16,000                  
  6/93    Trenton/Allen Road                                      623,000        1,166,000           54,000                  
  6/93    Los Angeles/W.Jefferson Blvd                          1,085,000        2,017,000           29,000                  
  8/93    So. Brunswick/Highway 1                               1,076,000        2,033,000           98,000                  
  8/93    Atlanta/Northside Dr.                                 1,150,000        2,149,000           38,000                  
  8/93    Smyrna/ Roswell Rd                                      446,000          842,000           62,000                  
  8/93    Gaithersburg/E. Diamond                                 602,000        1,139,000           74,000                  
  8/93    Austin/N. Lamar IV                                      502,000          941,000           25,000                  
 10/93    Denver/Federal Blvd                                     875,000        1,633,000           34,000                  
 10/93    Citrus Heights/San Juan                                 527,000          987,000           26,000                  
 10/93    Lakewood/6th Ave                                        798,000        1,489,000           20,000                  
 11/93    Upland/S. Euclid Ave.                                   431,000          807,000          302,000                  
 10/93    Houston/S Shaver St                                     481,000          896,000           75,000                  
 12/93    Salt Lake City/E. 3900 South St.                        765,000        1,422,000          181,000                  
 12/93    West Valley City/West 3500 S.                           682,000        1,276,000           63,000                  
 11/93    Norcross/Jimmy Carter Blvd.                             626,000        1,167,000           67,000                  
 11/93    Seattle/13th                                          1,085,000        2,015,000          227,000                  
 12/93    Pinellas Park/34th St. W                                607,000        1,134,000           77,000                  
  1/94    Herndon/Centreville Road                              1,584,000        2,981,000           32,000                  
 12/93    New Orleans/S. Carrollton Ave                         1,575,000        2,941,000           44,000                  
 12/93    Orange/Main II                                        1,238,000        2,317,000        1,284,000                  
 12/93    Sunnyvale/Weddell Dr.                                   554,000        1,037,000          635,000                  
 12/93    El Cajon/Magnolia                                       421,000          791,000          442,000                  
 12/93    Orlando/S. Semoran Blvd.                                462,000          872,000          514,000                  
 12/93    Tampa/W. Hillsborough Ave                               352,000          665,000          317,000                  
 12/93    Irving/North Loop 12                                    341,000          643,000           65,000                  
 12/93    Fullerton/W. Commonwealth                               904,000        1,687,000          931,000                  
 12/93    N. Lauderdale/McNab Rd                                  628,000        1,182,000          612,000                  
 12/93    Los Alamitos/Cerritos                                   695,000        1,299,000          636,000                  
 12/93    Frederick/Prospect Blvd.                                573,000        1,082,000          452,000                  
 12/93    Indianapolis/E. Washington                              403,000          775,000          350,000                  
 12/93    Gardena/Western Ave.                                    552,000        1,035,000          479,000                  
 12/93    Palm Bay/Babcock Street                                 409,000          775,000          406,000                  
  1/94    Hialeah/W. 20th Ave.                                  1,855,000        3,497,000           72,000                  
  1/94    Sunnyvale/N. Fair Oaks Ave                              689,000        1,285,000          235,000                  
 
                                      F-25

</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  1/94    Honolulu/Iwaena                                       1,182,000        2,200,000          492,000                  
  1/94    Miami/Golden Glades                                     579,000        1,081,000          241,000                  
  2/94    LasVegas/S.MartinLutherKing Blvd                      1,383,000        2,592,000          922,000                  
  2/94    Arlingtn/Old Jeffersn Davishwy                          735,000        1,399,000           67,000                  
  3/94    Portland/SW Barnes Road                                 942,000        1,810,000           37,000                  
  3/94    Hypoluxo                                                735,000        1,404,000        1,017,000                  
  3/94    Austin/Arboretum                                        473,000          897,000           40,000                  
  3/94    Tinton Falls/Shrewsbury Ave                           1,074,000        2,033,000           87,000                  
  3/94    East Brunswick/Milltown Road                          1,282,000        2,411,000          104,000                  
  3/94    Mercerville/Quakerbridge Road                         1,109,000        2,111,000           33,000                  
  4/94    No. Highlands/Roseville Road                            980,000        1,835,000           64,000                  
  5/94    Fort Pierce/Okeechobee Road                             438,000          842,000           36,000                  
  6/94    Chattanooga/Brainerd Road                               613,000        1,170,000           33,000                  
  6/94    Chattanooga/Ringgold Road                               761,000        1,433,000           71,000                  
  5/94    Hempstead/Peninsula Blvd.                             2,053,000        3,832,000           57,000                  
  5/94    LA/Huntington                                           483,000          905,000           33,000                  
  6/94    Las Vegas/Tropicana II                                  750,000        1,408,000           54,000                  
  6/94    Henderson/Green Valley Pkwy                           1,047,000        1,960,000           54,000                  
  6/94    Las Vegas/S. Valley View Blvd                           837,000        1,571,000           55,000                  
  6/94    Las Vegas/N. Lamb Blvd.                                 869,000        1,629,000           75,000                  
  6/94    Birmingham/W. Oxmoor Road                               532,000        1,004,000          204,000                  
  7/94    Milpitas/Dempsey Road                                 1,260,000        2,358,000           79,000                  
  9/94    Huntsville/Old Monrovia Road                            613,000        1,157,000           47,000                  
  9/94    West Haven/Bull Hill Lane                               455,000          873,000           42,000                  
  3/95    Everett/Highway 99 South                                859,000        2,022,000          100,000                  
  3/95    Burien/1st Ave South                                    763,000        1,783,000          150,000                  
  3/95    Kent/South 238th Street                                 763,000        1,783,000          125,000                  
 10/94    Davie/State Road 84                                     744,000        1,467,000          784,000                  
 10/94    Alcoa/Airport Plaza Drive                               543,000        1,017,000           33,000                  
 10/94    Carrollton/Marsh Lane                                   770,000        1,437,000        1,300,000                  
 10/94    Sherman Oaks/Van Nuys Blvd                            1,278,000        2,461,000          839,000                  
 12/94    Salt Lake City/West North Temple                        490,000          917,000           51,000                  
  5/95    Sandy/S. State Street                                 1,042,000        2,442,000          130,000                  
  8/94    New Orleans/I-10                                        784,000        1,470,000           18,000                  
  8/94    Beaverton/S.W. Denny Road                               663,000        1,245,000           12,000                  
  8/94    Irwindale/Central Ave.                                  674,000        1,263,000           16,000                  
  8/94    Suitland/St. Barnabas Rd                              1,530,000        2,913,000           20,000                  
  8/94    North Brunswick/How Lane                              1,238,000        2,323,000           11,000                  
  8/94    Lombard/64th                                            847,000        1,583,000           26,000                  
  8/94    Alsip/27th                                              406,000          765,000           22,000                  
</TABLE>
                                      F-26
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  1/95    Nashville/Elm Hill Pike                                 337,000          791,000          153,000                  
  1/95    North Bergen/Tonnelle Ave.                            1,564,000        3,772,000           35,000                  
  1/95    San Leandro/Hesperian                                   734,000        1,726,000           13,000                  
  9/94    San Francisco/Marin St.                               1,227,000        2,339,000        1,076,000                  
  2/95    Reno/S. McCarron Blvd                                 1,080,000        2,537,000           57,000                  
  1/95    Pantego/West Park Row                                   315,000          735,000           42,000                  
  1/95    Roswell/Alpharetta Street                               423,000          993,000           55,000                  
  9/94    Baltimore/Hillen Street                                 580,000        1,095,000           11,000                  
  9/94    San Francisco /10th & Howard                          1,423,000        2,668,000           34,000                  
  9/94    Montebello/E. Whittier                                  383,000          732,000           32,000                  
  9/95    Darien/Frontage Road                                    975,000        2,321,000           27,000                  
  1/95    Chula Vista/Main Street                                 735,000        1,802,000           57,000                  
  8/95    Studio City/Ventura Crt.                              1,285,000        3,015,000           19,000                  
 12/94    Apple Valley/Foliage Ave                                910,000        1,695,000           68,000                  
  9/94    Arlington/Collins                                       228,000          435,000           58,000                  
  9/94    Miami/S.W. 119th Ave                                    656,000        1,221,000            3,000                  
  9/94    Blackwood/Erial Road                                    774,000        1,437,000           16,000                  
  9/94    Concord/Monument                                      1,092,000        2,027,000           53,000                  
  9/94    Rochester/Lee Road                                      469,000          871,000           18,000                  
  9/94    Houston/Bellaire                                        623,000        1,157,000           15,000                  
  9/94    Austin/Lamar Blvd I                                     781,000        1,452,000            4,000                  
  9/94    Milwaukee/Lovers Lane Rd                                469,000          871,000           18,000                  
  9/94    Monterey/Del Rey Oaks                                 1,342,000        2,501,000           24,000                  
  9/94    St. Petersburg/66th St.                                 427,000          793,000           29,000                  
  9/94    Dayton Bch/N. Nova Road                                 396,000          735,000            7,000                  
  9/94    Maple Shade/Route 38                                    994,000        1,846,000           32,000                  
  9/94    Marlton/Route 73 N.                                     938,000        1,742,000           28,000                  
  9/94    Naperville/E. Ogden Ave                                 683,000        1,268,000           37,000                  
  9/94    Long Beach/South Street                               1,778,000        3,307,000           59,000                  
  9/94    Aloha/S.W. Shaw                                         805,000        1,495,000           27,000                  
  9/94    Alexandria/S. Pickett                                 1,550,000        2,879,000           34,000                  
  9/94    Houston/Highway 6 North                               1,120,000        2,083,000           79,000                  
  9/94    San Antonio/Nacogdoches Rd                              571,000        1,060,000           28,000                  
  9/94    San Ramon/San Ramon Valley                            1,530,000        2,840,000           90,000                  
  9/94    San Rafael/Merrydale Rd                               1,705,000        3,165,000           28,000                  
  9/94    San Antonio/Austin Hwy                                  592,000        1,098,000           38,000                  
  9/94    Sharonville/E. Kemper                                   574,000        1,070,000           38,000                  
 12/94    Knoxville/Chapman Highway                               753,000        1,411,000           78,000                  
  7/95    Tarzana/Burbank Blvd                                  2,895,000        6,823,000          155,000                  
 12/94    Milpitas/Watson II                                    1,575,000        2,925,000           50,000                  
                                      F-27
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 12/94    Las Vegas/Jones Blvd                                  1,208,000        2,243,000           25,000                  
 12/94    Venice/Guthrie                                          578,000        1,073,000           17,000                  
  5/95    Largo/Ulmerton Road                                     262,000          654,000           63,000                  
  3/95    Cheverly/Central Ave                                    911,000        2,164,000            8,000                  
  5/95    Falls Church/Gallows Road                               350,000          835,000           81,000                  
  5/95    Fairfield/Western Street                                439,000        1,030,000           16,000                  
  5/95    Dallas/W. Mockingbird                                 1,440,000        3,371,000            1,000                  
  5/95    East Point/Lakewood                                     884,000        2,071,000           41,000                  
  6/95    Baltimore/Old Waterloo                                  769,000        1,850,000            4,000                  
  6/95    Pleasant Hill/Hookston                                  766,000        1,848,000           15,000                  
  6/95    Mountain View/Old Middlefield                         2,095,000        4,913,000                0                  
 11/95    Palm Beach Gardens/N Military                           657,000        1,540,000           55,000                  
 11/95    Delray Beach/N Federal Hwy                              600,000        1,407,000           52,000                  
  6/95    San Jose/Blossom Hill                                 1,467,000        3,444,000           11,000                  
  6/95    Fairfield/Kings Highway                               1,810,000        4,273,000           22,000                  
  6/95    Pacoima/Paxton Street                 1,524,000         840,000        1,976,000           18,000                  
  8/95    Smyrna/Hargrove Road                                  1,020,000        3,038,000          200,000                  
  7/95    Orlando/Lakehurst                     1,103,000         450,000        1,063,000           11,000                  
  7/95    Livermore/East Airway Blvd            1,481,000         921,000        2,157,000           27,000                  
  7/95    San Jose/Tully II                     1,831,000         912,000        2,137,000           32,000                  
  7/95    Mission Bay                           4,546,000       1,617,000        3,785,000          123,000                  
  7/95    Las Vegas/Decatur                                     1,147,000        2,697,000           16,000                  
  7/95    Pleasanton/Stanley                    3,268,000       1,624,000        3,811,000            8,000                  
  7/95    Castro Valley/Grove                                     757,000        1,772,000            3,000                  
  7/95    Honolulu/Kaneohe                      2,511,000       1,215,000        2,846,000           52,000                  
  7/95    Chicago/Wabash Ave                                      645,000        1,535,000           50,000                  
  7/95    Springfield/Parker St.                                  765,000        1,834,000            9,000                  
  7/95    Huntington Bch/Gothard St.                              765,000        1,808,000           63,000                  
  8/95    Gresham/Division                                        607,000        1,428,000            3,000                  
  8/95    Tucker/Lawrenceville Hwy                                600,000        1,405,000           43,000                  
  8/95    Decatur/Covington I                                     720,000        1,694,000           41,000                  
  7/95    Tucker/Lawrenceville Hwy II                             630,000        1,480,000           48,000                  
  7/95    Marietta/Canton Road                                    600,000        1,423,000           20,000                  
  7/95    Wheeling/Hintz                                          450,000        1,054,000           15,000                  
  9/95    Hayward/Mission Blvd                                  1,020,000        2,383,000           10,000                  
  9/95    Park City/Belvidere Road                                600,000        1,405,000            4,000                  
  9/95    New Castle/Dupont Parkway                               990,000        2,369,000                0                  
  9/95    Las Vegas/Rainbow                                     1,050,000        2,459,000           14,000                  
          Mountain View/Rengstorff                                945,000        2,216,000            9,000                  
  9/95    Venice/Cadillac                                         930,000        2,182,000           14,000                  
                                       F-28
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  2/95    Decatur/Flat Shoals                                     970,000        2,288,000           91,000                  
  2/95    Smyrna/S. Cobb                                          663,000        1,559,000           32,000                  
  2/95    Downey/Bellflower Blvd.                                 916,000        2,158,000           11,000                  
  2/95    Vallejo/Lincoln                                         445,000        1,052,000           18,000                  
  2/95    Lynnwood/180th St                                       516,000        1,205,000           81,000                  
  2/95    Kent/Pacific Hwy                                        728,000        1,711,000           23,000                  
  2/95    Kirkland                                              1,254,000        2,932,000           17,000                  
  2/95    Federal Way/Pacific                                     785,000        1,832,000          120,000                  
  2/95    Tampa/S. Dale Mabry                                     791,000        1,852,000           31,000                  
  2/95    Burlingame/Adrian Rd                                  2,280,000        5,349,000           26,000                  
  2/95    Miami/Cloverleaf                                        606,000        1,426,000           12,000                  
  2/95    Pinole/San Pablo                                        639,000        1,502,000           42,000                  
  2/95    South Gate/Firestone                                  1,442,000        3,449,000           48,000                  
  2/95    San Jose/Mabury                                         892,000        2,088,000                0                  
  2/95    La Puente/Valley Blvd                                   591,000        1,390,000           49,000                  
  2/95    San Jose/Capitol Expwy                                1,215,000        2,852,000           24,000                  
  2/95    Milwaukie/40th Street                                   576,000        1,388,000          200,000                  
  2/95    Portland/N. Lombard                                     812,000        1,900,000            2,000                  
  2/95    Aventura/Biscayne                                     1,313,000        3,076,000           17,000                  
  2/95    Chicago/Clark Street                                    442,000        1,031,000           20,000                  
  2/95    Palatine/Dundee                                         698,000        1,643,000           19,000                  
  2/95    Williamsville/Transit Rd.                               284,000          670,000            2,000                  
  2/95    Amherst/Sheridan Drive                                  484,000        1,151,000           10,000                  
  9/95    Simi Valley /Los Angeles Ave.                         1,590,000        3,724,000           15,000                  
  9/95    Spring Valley/Foreman Dr.                             1,095,000        2,572,000           12,000                  
  9/95    Van Nuys/Balboa Blvd                                  1,920,000        4,504,000           63,000                  
 10/95    San Lorenzo /Hesperian                                1,590,000        3,716,000           40,000                  
 10/95    Chicago/W. 47th Street                                  300,000          708,000           22,000                  
 10/95    Los Angeles/Eastern Ave.                                454,000        1,070,000            5,000                  
  6/95    Portland/Prescott                                       647,000        1,509,000           38,000                  
  6/95    St. Petersburg/U.S. 19                                  352,000          827,000           27,000                  
  6/95    Dallas/Audelia Road                                   1,166,000        2,725,000           70,000                  
  6/95    Miami Gardens                                           823,000        1,929,000            7,000                  
  6/95    Grand Prairie/19th                                      566,000        1,329,000           30,000                  
  6/95    Joliet/Jefferson Street                                 501,000        1,181,000           38,000                  
  6/95    Bridgeton/Pennridge                                     283,000          661,000           17,000                  
  6/95    Portland/S.E.92nd                                       638,000        1,497,000           13,000                  
  6/95    Houston/S.W. Freeway                                    537,000        1,254,000            6,000                  
  6/95    Milwaukee/Brown Deer                                    358,000          849,000           40,000                  
  6/95    Orlando/W. Oak Ridge Road                               698,000        1,642,000           23,000                  
                                      F-29
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  6/95    Lauderhill/State Road 7                                 644,000        1,508,000           10,000                  
  6/95    Orange Park /Blanding Blvd                              394,000          918,000            6,000                  
  6/95    St. Petersburg /Joe's Creek                             703,000        1,642,000           28,000                  
  6/95    St. Louis/Page Service Drive                            531,000        1,241,000           34,000                  
  6/95    Independence /E. 42nd Terr.                             438,000        1,023,000           39,000                  
  6/95    Cherry Hill/Dobbs Lane                                  716,000        1,676,000            3,000                  
  6/95    Edgewater Park/Route 130                                683,000        1,593,000            8,000                  
  6/95    Beaverton/S.W. 110 Ct.                                  572,000        1,342,000            2,000                  
  6/95    Markham/W. 159th Place                                  230,000          539,000           23,000                  
  6/95    Houston/N.W. Freeway                                    447,000        1,066,000           50,000                  
  6/95    Portland/Gantenbein                                     537,000        1,262,000            2,000                  
  6/95    Upper Chichester/Market St.                             569,000        1,329,000            8,000                  
  6/95    Fort Worth/Hwy 80                                       379,000          891,000           17,000                  
  6/95    Greenfield/ S. 108th                                    728,000        1,707,000           20,000                  
  6/95    Altamonte Springs                                       566,000        1,326,000           10,000                  
  6/95    East Hazel Crest/Halsted I                              483,000        1,127,000            7,000                  
  6/95    Seattle/Delridge Way                                    760,000        1,779,000           27,000                  
  6/95    Elmhurst/Lake Frontage Rd                               748,000        1,758,000           23,000                  
  6/95    Los Angeles/Beverly Blvd                                787,000        1,886,000           61,000                  
  6/95    Lawrenceville/Brunswick Ave.                            841,000        1,961,000           25,000                  
  6/95    Richmond/Carlson                                        865,000        2,025,000           36,000                  
  6/95    Liverpool/Oswego Road                                   545,000        1,279,000           10,000                  
  6/95    Rochester/East Ave                                      578,000        1,375,000            5,000                  
  6/95    Pasadena/E. Beltway                                     757,000        1,767,000            5,000                  
  3/96    Oakland, CA/Hegenberger                               1,065,000        2,764,000           15,000                  
  3/96    Saratoga, CA/Sunnyvale                                2,339,000        6,081,000            6,000                  
  3/96    Randallstown, MD/Liberty Rd.                          1,359,000        3,527,000           38,000                  
  3/96    Plano, TX/Avenue K                                      650,000        1,682,000           32,000                  
  3/96    Houston, TX/Fondren                                     543,000        1,402,000                0                  
  3/96    Irvine, CA/Hughes                                     1,920,000        4,975,000          114,000                  
  3/96    Milwaukee, WI/W. Laytonn                                542,000        1,402,000            3,000                  
  3/96    Carrollton, TX/I-35 East                                578,000        1,495,000            3,000                  
  3/96    Torrance, CA/Lomita                                   1,415,000        3,675,000           51,000                  
  3/96    Jacksonville/Baymeadows Rd.                             713,000        1,845,000            6,000                  
  3/96    Dallas, TX/ERL Thornton Fwy                             315,000          810,000            8,000                  
  3/96    Houston, TX/North Fwy                                   669,000        1,724,000           98,000                  
  3/96    Baltimore, MD/Wever Road                                842,000        2,180,000           11,000                  
  3/96    West Haven, CT/Railroad Ave.                            740,000        1,907,000            6,000                  
  9/96    Dallas/Royal Lane                                     1,008,000        2,426,000                0                  
  9/96    Colorado Springs/Tomah Drive                            731,000        1,759,000           26,000                  
                                      F-30
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  9/96    Lewisville/S. Stemmons                                  603,000        1,451,000            2,000                  
  9/96    Las Vegas/Boulder Hwy.                                  947,000        2,279,000            4,000                  
  9/96    Sarasota/S. Tamiami Trail                               584,000        1,407,000            6,000                  
  9/96    Willow Grove/Maryland Road                              673,000        1,620,000            1,000                  
  9/96    Houston/W. Montgomery Rd.                               524,000        1,261,000            2,000                  
  9/96    Denver/W. Hampden                                     1,084,000        2,609,000            2,000                  
  9/96    Littleton/Southpark Way                                 922,000        2,221,000                0                  
  9/96    Petaluma/Baywood Drive                                  861,000        2,074,000            8,000                  
  9/96    Canoga Park/Sherman Way                               1,543,000        3,716,000            5,000                  
  9/96    Jacksonville/South Lane Ave.                            554,000        1,334,000           19,000                  
  9/96    Newport News/Warwick Blvd.                              575,000        1,385,000            2,000                  
  9/96    Greenbrook/Route 22                                   1,227,000        2,954,000                0                  
  9/96    Monsey/Route 59                                       1,068,000        2,572,000                0                  
  9/96    Santa Rosa/Santa Rosa Ave.                              575,000        1,385,000                0                  
  9/96    Fort Worth/Brentwood Stair                              823,000        2,016,000           18,000                  
  9/96    Glendale/San Fernando Road                            2,500,000        6,124,000            2,000                  
  9/96    Houston/Harwin                                          549,000        1,344,000                0                  
  9/96    Irvine/Cowan Street                                   1,890,000        4,631,000                0                  
  9/96    Fairfield/Dixie Highway                                 427,000        1,046,000            1,000                  
  9/96    Mesa/Country Club Drive                                 701,000        1,718,000            4,000                  
  9/96    San Francisco/Geary Blvd.                             2,957,000        7,244,000           10,000                  
  9/96    Houston/Gulf Freeway                                    701,000        1,718,000            5,000                  
  9/96    Las Vegas/S. Decatur Blvd.                            1,037,000        2,539,000            4,000                  
  9/96    Tempe/McKellips Road                                  1,021,000        2,502,000           51,000                  
  9/96    Richland Hills/Airport Fwy.                             473,000        1,158,000            7,000                  
 11/95    Costa Mesa - B                                          522,000        1,218,000           12,000                  
 11/95    Plano/E. 14th                                           705,000        1,646,000            3,000                  
 11/95    Citrus Heights/Sunrise Vista                            520,000        1,213,000           18,000                  
 11/95    Modesto/Briggsmore Ave                                  470,000        1,097,000           17,000                  
 11/95    So San Francisco/Spruce II                            1,905,000        4,444,000           42,000                  
 11/95    Pacheco/Buchanan Circle               4,126,000       1,681,000        3,951,000           10,000                  
  2/95    Schiller Park/W. Irving                               1,688,000        3,939,000           48,000                  
  2/95    Lansing/173rd Street                                  1,514,000        3,534,000                0                  
  2/95    Pleasanton/Boulder Street                             1,257,000        2,932,000                0                  
  2/95    LA/Sepulveda                                          1,453,000        3,390,000           15,000                  
  6/96    Las Vegas/Eastern & Harmon                              921,000        2,155,000           19,000                  
  6/96    Bedford Park, IL/Sayre                                  606,000        1,419,000           29,000                  
  6/96    Los Angeles, CA/Manchester                              692,000        1,616,000           16,000                  
  6/96    Silver Spring, MD/Burlington                          1,513,000        3,535,000                0                  
  6/96    Newark, CA/Fircrest Street                            1,051,000        2,458,000            1,000                  
                                      F-31
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  6/96    Brooklyn, NY/Park Ave.                                  783,000        1,830,000           10,000                  
 12/96    Concord/Treat                                         1,396,000        3,258,000                0                  
 12/96    Virginia Beach/Holland Road                             535,000        1,248,000                0                  
 12/96    San Mateo/E. Delaware                                 2,408,000        5,619,000                0                  
 12/96    Upper Darby/Lansdowne                                   899,000        2,272,000                0                  
 12/96    Plymouth Meeting /Chemical                            1,109,000        2,802,000                0                  
 12/96    Philadelphia/Byberry                                  1,019,000        2,575,000                0                  
 12/96    Ft. Lauderdale/State Road 7                           1,199,000        3,030,000                0                  
 12/96    Englewood/Costilla                                    1,739,000        4,393,000                0                  
 12/96    Lilburn/Beaver Ruin Road                                600,000        1,515,000                0                  
 12/96    Carmichael/Fair Oaks II                                 809,000        2,045,000                0                  
 12/96    Portland/Division Street                                989,000        2,499,000                0                  
 12/96    Napa/Industrial Way                                     660,000        1,666,000                0                  
 12/96    Wheatridge/W. 44th Avenue II                          1,439,000        3,636,000                0                  
 12/96    Las Vegas/Charleston II                               1,049,000        2,651,000                0                  
 12/96    Las Vegas/South Arvill                                  929,000        2,348,000                0                  
 12/96    Los Angeles/Santa Monica II                           3,328,000        8,407,000                0                  
 12/96    Warren/Schoenherr Rd.                                   749,000        1,894,000                0                  
 12/96    Portland/N.E. 71st Avenue                               869,000        2,196,000                0                  
 12/96    Seattle/Pacific Hwy. South                              689,000        1,742,000                0                  
 12/96    Broadview/S. 25th Avenue                              1,289,000        3,257,000                0                  
 12/96    Winter Springs/W. St. Rte 434                           689,000        1,742,000                0                  
 12/96    Tampa/15th Street                                       420,000        1,060,000                0                  
 12/96    Pompano Beach/S. Dixie Hwy.                             930,000        2,292,000                0                  
 12/96    Overland Park/Mastin                                    990,000        2,440,000                0                  
 12/96    Nashville/Dickerson Pike                                990,000        2,440,000                0                  
 12/96    Madison/Gallatin Road                                   780,000        1,922,000                0                  
 12/96    Auburn/R Street S.E.                                    690,000        1,700,000                0                  
 12/96    Federal Heights/W. 84th Ave.                            720,000        1,774,000                0                  
 12/96    Decatur/Covington II                                    930,000        2,292,000                0                  
 12/96    Forest Park/Jonesboro Rd.                               540,000        1,331,000                0                  
 12/96    Mangonia Park/Australian Ave.                           840,000        2,070,000                0                  
 12/96    Whittier/Colima                                         540,000        1,331,000                0                  
 12/96    Kent/Pacific Hwy South                                  930,000        2,292,000                0                  
 12/96    Topeka/8th Street                                       150,000          370,000                0                  
 12/96    Denver/E. Evans                                       1,740,000        4,288,000                0                  
 12/96    Pittsburgh/California Ave.                              630,000        1,552,000                0                  
 12/96    Ft. Lauderdale/Powerline                                660,000        1,626,000                0                  
 12/96    Philadelphia/Oxford                                     900,000        2,218,000                0                  
 12/96    Dallas/Lemmon Ave. (arlington)                        1,710,000        4,214,000                0                  
                                      F-32
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 12/96    Eagle Rock/Colorado                                     330,000          813,000                0                  
 12/96    Alsip/115th Street                                      750,000        1,848,000                0                  
 12/96    Green Acres/Jog Road                                    600,000        1,479,000                0                  
 12/96    Pompano Beach/Sample Road                             1,320,000        3,253,000                0                  
 12/96    Wyndmoor/Ivy Hill                                     2,160,000        5,323,000                0                  
 12/96    W. Palm Beach/Belvedere                                 960,000        2,366,000                0                  
 12/96    Renton  174th St.                                       960,000        2,366,000                0                  
 12/96    Sacramento/Northgate                                  1,021,000        2,647,000                0                  
 12/96    Phoenix/19th Avenue                                     991,000        2,569,000                0                  
 12/96    Bedford Park/Cicero                                   1,321,000        3,426,000                0                  
 12/96    Lake Worth/Lk Worth                                   1,111,000        2,880,000                0                  
 12/96    Arlington/Algonquin                                     991,000        2,569,000                0                  
 12/96    Seattle/15th Avenue NE                                  781,000        2,024,000                0                  
 12/96    Southington/Spring                                      811,000        2,102,000                0                  
 12/96    Clifton/Broad Street                                  1,411,000        3,659,000                0                  
 12/96    Hillside/Glenwood A&B                                   563,000        4,051,000           21,000                  
  1/83    Colorado Springs/Platte                                 409,000          953,000          167,000       103,000    
  5/83    Colorado Springs/Delta Drive                             67,000          481,000          101,000        54,000    
 12/82    Portland/Halsey                                         357,000        1,150,000        (470,000)        63,000    
 12/82    Sacto/Folsom                                            396,000          329,000          480,000        74,000    
  1/83    Semoran/Extra                                           442,000        1,882,000          115,000       184,000    
  3/83    Blackwood/Peters Lane                                   213,000        1,559,000          110,000       154,000    
 10/83    Orlando J. Y. Parkway                                   383,000        1,512,000          206,000       158,000    
  9/83    Southington/Spring St.                                  124,000        1,233,000          208,000       133,000    
  4/83    Vails Gate                                              103,000          990,000          186,000       108,000    
  6/83    Ventura/Walker                                          658,000        1,734,000           44,000       164,000    
  9/83    Southhampton/Jaymor                                     331,000        1,738,000          424,000       199,000    
  9/83    Webster/Keystone (Gulf Fwy)                             449,000        1,688,000          600,000       211,000    
  9/83    Dover/Jefferic                                          107,000        1,462,000          272,000       160,000    
  9/83    New Castle/New Churchmans                               227,000        2,163,000          251,000       222,000    
  9/83    Newark/Bellevue Road                                    208,000        2,031,000          138,000       200,000    
  9/83    Langhorne/S Flowers Mill                                263,000        3,549,000          177,000       343,000    
  8/83    Hobart/Ridge Road                                       215,000        1,491,000          226,000       158,000    
  9/83    Ft. Wayne/W. Coliseum                                   160,000        1,395,000           36,000       132,000    
  9/83    Ft. Wayne/Bluffton Rd.                                   88,000          675,000           94,000        71,000    
 11/83    Webster/Nasa Road 1                                   1,570,000        2,457,000          942,000       313,000    
 11/83    Aurora/Hanover Way                                      505,000          758,000          182,000        86,000    
 11/83    Campbell/Salmar Avenue                                1,379,000        1,849,000        (712,000)       105,000    
 11/83    CO Springs/Edison  (Coulter)                            471,000        1,640,000         (16,000)       149,000    
 11/83    CO Springs/Mt View  (Coulter)                           320,000        1,036,000           85,000       103,000    
 11/83    Thorton (Coulter)/ York St.                             418,000        1,400,000                0       129,000    
                                      F-33
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 11/83    Okla. City   (Coulter)/Reno Ave.                        454,000        1,030,000          570,000       147,000    
 11/83    Tucson (Coulter)/N Romero Av                            343,000          778,000          431,000       111,000    
 12/83    Charlotte/South Blvd.                                   165,000        1,274,000          298,000        41,000    
 12/83    Greensboro/Market St. I                                 214,000        1,653,000          386,000        54,000    
 12/83    Greensboro/Electra Dr.                                  112,000          869,000          219,000        29,000    
  1/83    Raleigh/Yonkers                                         203,000          914,000          293,000        32,000    
 12/83    Columbia/Broad River                                    171,000        1,318,000          403,000        45,000    
 12/83    Richmond/Jeff. Davis Hwy.                               176,000        1,360,000          282,000        43,000    
 12/83    Augusta/Crescent Dr.                                     97,000          747,000          198,000        25,000    
  4/84    N. Providence/Mineral Spring                             92,000        1,087,000          258,000        35,000    
  1/85    Cranston/Freeway Dr.                                    175,000          722,000          239,000        25,000    
  3/84    Marrietta/S. Cobb Drive                                  73,000          542,000          200,000        20,000    
  1/84    Fremont/Albrae                                          636,000        1,659,000          381,000        54,000    
 12/83    Tacoma/24th St. W                                       553,000        1,173,000          336,000        40,000    
  1/84    Belton/S. 71 Highway                                    175,000          858,000          385,000        33,000    
  1/84    Gladstone/N. Oak Trafficway                             275,000        1,799,000          292,000        55,000    
  1/84    Kansas City/E. 112th St. Terr.                          257,000        1,848,000          336,000        58,000    
  1/84    Kansas City/Holmes                                      289,000        1,333,000          196,000        40,000    
  1/84    Independence/E. 31st Street                             221,000        1,848,000          239,000        55,000    
  1/84    Merriam/W. Frontage                                     255,000        1,469,000          267,000        46,000    
  1/84    Olathe/E. Spruce                                        107,000          992,000          210,000        32,000    
  1/84    Shawnee/W. 63rd Street                                  205,000        1,420,000          311,000        46,000    
  1/84    Topeka/SW 41st Street                                    75,000        1,049,000          164,000        32,000    
  2/84    Knoxville/Unicorn                                       662,000        1,887,000          323,000        58,000    
  2/84    Knoxville/Central                                       449,000        1,281,000          186,000        39,000    
  3/84    Manassas/Balls Ford Road                                320,000        1,556,000          311,000        49,000    
  3/84    Pico Rivera/Bermudez                                    743,000          807,000          288,000        29,000    
  5/84    Raleigh/Departure Dr.                                   302,000        2,484,000          326,000        74,000    
  4/84    Milwaukie/Oregon McLoughlin                             289,000          584,000          207,000        21,000    
  7/84    Trevose/Old Lincoln Hwy.                                421,000        1,749,000          305,000        54,000    
  5/84    Virginia Beach/S. Independence                          509,000        2,121,000          537,000        70,000    
  5/84    Philadelphia/Grant Ave.                               1,041,000        3,262,000          355,000        95,000    
  6/84    Lorton/Richmond Hwy.                                    435,000        2,040,000          427,000        65,000    
  6/84    Baltimore/Shannon Drive                                 382,000        1,793,000          491,000        60,000    
  6/84    Laurel/Bowie Drive                                      501,000        2,349,000          568,000        77,000    
  6/84    Delran/Route 130                                        279,000        1,472,000          221,000        14,000    
  5/84    Garland/W. Kingsley II                                  356,000          844,000          133,000         8,000    
  6/84    Orlando/45th Street                                     226,000          924,000          166,000         9,000    
  6/84    Safe Place Cincinnati/Mt Carmel                         402,000        1,573,000          401,000        16,000    
                                       F-34
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  6/84    Safe Place Florence/Industrial R                        185,000          740,000          302,000         9,000    
  8/84    Medley/NW South River Drive                             584,000        1,016,000          255,000        10,000    
  8/84    Oklahoma City/W Reno II                                 340,000        1,310,000          333,000        13,000    
  8/84    Newport News/Jefferson Av II                            356,000        2,395,000          423,000        23,000    
  8/84    Kaplan (Irving/East Airport)                            677,000        1,592,000          315,000        16,000    
  8/84    Kaplan (Dallas/Walnut Hill)                             971,000        2,359,000          463,000        23,000    
  9/84    Dallas/Cockrell Hill                                    380,000          913,000          957,000        15,000    
 11/84    Omaha/S. 86th St.                                       109,000          806,000          357,000        10,000    
 11/84    Manchester/South Willow                                 164,000        1,643,000          189,000        15,000    
 12/84    Austin (Ben White)                                      325,000          474,000          177,000         5,000    
 12/84    Austin (Lamar)                                          643,000          947,000          280,000        10,000    
 12/84    Pompano Beach/SW 2nd St.                                399,000        1,386,000          420,000        15,000    
 12/84    Fort Worth/Hemphill                                     122,000          928,000          (8,000)         8,000    
 11/84    Hialeah/Red Road                                        886,000        1,784,000          181,000        16,000    
 12/84    Montgomeryville/Route 309                               215,000        2,085,000          232,000        19,000    
  1/85    Bossier City/Gould Street                               184,000        1,542,000          243,000        15,000    
  2/85    Simi Valley                                             737,000        1,389,000          239,000        13,000    
  3/85    Chattanooga/Pryor Drive                                 202,000        1,573,000          269,000        15,000    
  2/85    Hurst/Hurst                                             231,000        1,220,000          156,000        11,000    
  3/85    Portland/92nd Avenue                                    285,000          941,000          178,000         9,000    
  5/85    Longwood/Hwy 17-92                                      355,000        1,645,000          195,000        15,000    
  3/85    Fern Park I/US Hwy 17-92                                144,000        1,107,000          160,000        10,000    
  3/85    Fairfield/Dixie Hwy II                                  338,000        1,187,000          323,000        12,000    
  4/85    Laguna Hills/El Pacifico                              1,224,000        3,303,000          300,000        30,000    
  7/85    Columbus (Morse Rd.)                                    195,000        1,510,000          144,000        14,000    
  7/85    Columbus (Kenny Rd.)                                    199,000        1,531,000          176,000        14,000    
  5/85    Columbus (Busch Blvd.)                                  202,000        1,559,000          187,000        14,000    
  5/85    Columbus (Kinnear Rd.)                                  241,000        1,865,000          170,000        17,000    
  6/85    Grove City/ Marlane Drive                               150,000        1,157,000          188,000        11,000    
  6/85    Reynoldsburg/Gender Road                                204,000        1,568,000          171,000        14,000    
  5/85    Worthington/Billingsley Rd                              221,000        1,824,000          189,000        16,000    
  7/85    Westerville/Westerville Rd.                             199,000        1,517,000          236,000        14,000    
  5/85    Upper Arlington/Arl. Ctr. Blvd.                         201,000        1,497,000          205,000        14,000    
  7/85    Springfield/W. Leffel                                    90,000          699,000          135,000         7,000    
  7/85    Dayton (Needmore Road)                                  144,000        1,108,000          242,000        11,000    
  7/85    Dayton (Executive Blvd.)                                160,000        1,207,000          251,000        12,000    
  7/85    Lilburn/Indian Trail                                    331,000          969,000          135,000         9,000    
  4/85    Austin/ S. First                                        778,000        1,282,000          157,000        25,000    
  4/85    Cincinnati/ E. Kemper                                   232,000        1,573,000          222,000        31,000    
  4/85    Cincinnati/ Colerain                                    253,000        1,717,000          248,000        34,000    
                                       F-35
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  4/85    Florence/ Tanner Lane                                   218,000        1,477,000          247,000        30,000    
  5/85    Tacoma/ Phillips Rd. SW                                 396,000        1,204,000          164,000        24,000    
  5/85    Portland/ Mcloughlin II                                 458,000          742,000          268,000        17,000    
  7/85    San Diego/ Kearny Mesa Rd                               783,000        1,750,000          288,000        35,000    
  5/85    Manchester/ S. Willow II                                371,000        2,129,000        (255,000)        32,000    
  6/85    N. Hollywood/ Raymer                                    967,000          848,000          233,000        19,000    
  7/85    Scottsdale/ 70th St                                     632,000        1,368,000          181,000        27,000    
  7/85    Concord/ Hwy 29                                         150,000          750,000          187,000        16,000    
 10/85    N. Hollywood/ Whitsett                                1,524,000        2,576,000          259,000        49,000    
 10/85    Portland/ SE 82nd St                                    354,000          496,000          226,000        12,000    
  9/85    Madison/ Copps Ave.                                     450,000        1,150,000          294,000        25,000    
  9/85    Columbus/ Sinclair                                      307,000          893,000          122,000        17,000    
  9/85    Philadelphia/ Tacony St                                 118,000        1,782,000          140,000        33,000    
 10/85    Perrysburg/ Helen Dr.                                   110,000        1,590,000        (186,000)        24,000    
 10/85    Columbus/ Ambleside                                     124,000        1,526,000        (207,000)        23,000    
 10/85    Indianapolis/ Pike Plaza                                229,000        1,531,000          161,000        29,000    
 10/85    Indianapolis/ Elmwood Ave                               198,000        1,342,000          145,000        26,000    
 10/85    East Hartford/ Roberts                                  219,000        1,481,000          297,000        31,000    
 10/85    Wichita/ S. Rock Rd.                                    501,000        1,478,000         (80,000)        22,000    
 10/85    Wichita/ E. Harry                                       313,000        1,050,000         (90,000)        16,000    
 10/85    Wichita/ S. Woodlawn                                    263,000          905,000        (103,000)        14,000    
 10/85    Wichita/ E. Kellogg                                     185,000          658,000        (133,000)         9,000    
 10/85    Wichita/ S. Tyler                                       294,000        1,004,000          (2,000)        17,000    
 10/85    Wichita/ W. Maple                                       234,000          805,000        (184,000)        11,000    
 10/85    Wichita/W. Carey Lane                                   192,000          674,000        (132,000)         9,000    
 10/85    Wichita/ E. Macarthur                                   220,000          775,000        (192,000)        10,000    
 10/85    Joplin/ S. Range Line                                   264,000          904,000         (69,000)        14,000    
 12/85    Milpitas/Pecten Ct.                                   1,623,000        1,577,000          250,000        31,000    
 12/85    Pleasanton/ Santa Rita                                1,226,000        2,078,000          251,000        40,000    
  7/88    Fort Wayne/Illinois Rd.                                 101,000        1,524,000         (19,000)        26,000    
 10/85    San Antonio/ Wetmore Rd.                                306,000        1,079,000          372,000      (33,000)    
 10/85    San Antonio/ Callaghan                                  288,000        1,016,000          317,000      (30,000)    
 10/85    San Antonio/ Zarzamora                                  364,000        1,281,000          373,000      (38,000)    
 10/85    San Antonio/ Hackberry                                  388,000        1,367,000          350,000      (39,000)    
 10/85    San Antonio/ Fredericksburg                             287,000        1,009,000          326,000      (30,000)    
 10/85    Dallas/ S. Westmoreland                                 474,000        1,670,000          142,000      (41,000)    
 10/85    Dallas/ Alvin St.                                       359,000        1,266,000          118,000      (31,000)    
 10/85    Fort Worth/ W. Beach St.                                356,000        1,252,000          113,000      (31,000)    
 10/85    Fort Worth/ E. Seminary                                 382,000        1,346,000          129,000      (33,000)    
 10/85    Fort Worth/ Cockrell St.                                323,000        1,136,000          119,000      (29,000)    
                                      F-36
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 11/85    Everett/ Evergreen                                      706,000        2,294,000          386,000      (61,000)    
 11/85    Seattle/ Empire Way I                                 1,652,000        5,348,000          531,000     (133,000)    
 12/85    Amherst/ Niagra Falls                                   132,000          701,000          198,000      (20,000)    
 12/85    Kearns/West Sams Blvd.                                  164,000        1,159,000        (321,000)      (19,000)    
  3/86    Jacksonville/ Hyde Park                                 140,000          510,000          188,000      (16,000)    
 12/85    Whitehall/MacArthur Rd.                                 204,000        1,628,000          128,000      (40,000)    
  2/86    Costa Mesa/ Pomona                                    1,405,000        1,520,000          305,000      (41,000)    
 12/85    Brockton/ Main St.                                      153,000        2,020,000        (269,000)      (40,000)    
  1/86    Mapleshade/ Rudderow                                    362,000        1,811,000          210,000      (46,000)    
  1/86    Bordentown/ Groveville                                  196,000          981,000          121,000      (25,000)    
 12/85    Eatontown/Hwy 35                                        308,000        4,067,000          363,000     (101,000)    
  2/86    Brea/Imperial Hwy                                     1,069,000        2,165,000          309,000      (56,000)    
 12/85    Denver/ Leetsdale I                                     603,000          847,000          177,000      (23,000)    
  2/86    Skokie/McCormick                                        638,000        1,912,000          204,000      (48,000)    
  1/86    Sun Valley/Sheldon                                      544,000        1,836,000          275,000      (48,000)    
  3/86    St. Louis/ Forder Rd.                                   517,000        1,133,000          200,000      (30,000)    
  1/86    Las Vegas/ Highland Drive                               432,000          848,000          200,000      (24,000)    
  5/86    Westlake Village                                      1,205,000          995,000          191,000      (27,000)    
  2/86    Colorado Springs/ Sinton Road                           535,000        1,115,000          158,000      (29,000)    
  2/86    Oklahoma City/ N. Penn                                  146,000          829,000          127,000      (22,000)    
  2/86    Oklahoma City/ 39th Expressway                          238,000          812,000          220,000      (23,000)    
  4/86    Reno/ Telegraph Rd.                                     649,000        1,051,000          363,000      (32,000)    
  7/86    Colorado Springs/ Hollow Tree                           574,000          726,000          209,000      (21,000)    
  4/86    St. Louis/Kirkham                                       199,000        1,001,000          147,000      (63,000)    
  4/86    St. Louis/Reavis Barracks Rd.                           192,000          958,000          152,000      (61,000)    
  4/86    Fort Worth/East Loop 820                                196,000          804,000          161,000      (53,000)    
  6/86    Richland Hills/Baker Blvd. II                           543,000          857,000          361,000      (67,000)    
  5/86    Sacramento/Franklin Blvd.                               872,000          978,000          345,000      (73,000)    
  6/86    West Valley/So. 3600 West                               208,000        1,552,000          226,000      (98,000)    
  7/86    West LA/Purdue Ave.                                   2,415,000        3,585,000          289,000     (214,000)    
  7/86    Capital Heights/Central Ave.                            649,000        3,851,000          287,000     (228,000)    
 10/86    Fremont/Peralta                                         851,000        1,074,000          242,000      (73,000)    
  7/86    Pontiac/Dixie Hwy.                                      259,000        2,091,000           34,000     (117,000)    
  8/86    Laurel/Ft. Meade Rd.                                    475,000        1,475,000          209,000      (93,000)    
  9/86    Kansas City/S. 44th.                                    509,000        1,906,000          391,000     (127,000)    
 10/86    Birmingham/Highland 27th Pl.                             89,000          786,000           95,000      (49,000)    
 10/86    Birmingham/Riverchase                                   262,000        1,338,000          350,000      (93,000)    
 10/86    Birmingham/Eastwood Oporto                              166,000        1,184,000          177,000      (75,000)    
 10/86    Birmingham/Forestdale Pebble                            152,000          948,000          135,000      (60,000)    
 10/86    Birmingham/Centerpoint Rd.                              265,000        1,305,000          200,000      (83,000)    
                                      F-37
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 10/86    Birmingham/Roebuck Plaza                                101,000          399,000          178,000      (32,000)    
 10/86    Birmingham/Greensprings                                 347,000        1,173,000          289,000      (81,000)    
 10/86    Birmingham/Hoover-Lorna                                 372,000        1,128,000          295,000      (78,000)    
 10/86    Midfield/Bessemer Spr. Hwy.                             170,000          355,000          201,000      (31,000)    
 10/86    Huntsville/Leeman Ferry Rd.                             158,000          992,000          213,000      (66,000)    
 10/86    Huntsville/Drake Ave.                                   253,000        1,172,000          196,000      (75,000)    
 10/86    Anniston/Whiteside                                       59,000          566,000          107,000      (37,000)    
 10/86    Houston/Glenvista St.                                   595,000        1,043,000          409,000      (80,000)    
 10/86    Houston/I-45 (North Fwy)                                704,000        1,146,000          655,000      (99,000)    
 10/86    Houston/Rogerdale Rd.                                 1,631,000        2,792,000          420,000     (177,000)    
 10/86    Houston/Gessner                                       1,032,000        1,693,000          673,000     (130,000)    
 10/86    Houston/Richmond-Fairdale                             1,502,000        2,506,000          906,000     (188,000)    
 10/86    Houston/Gulfton                                       1,732,000        3,036,000          981,000     (221,000)    
 10/86    Houston/Westpark                                        503,000          854,000          127,000      (54,000)    
 10/86    Jonesboro/Jonesboro Road                                157,000          718,000          172,000      (49,000)    
  9/86    Lakewood/W. 6th Ave.                                  1,070,000        3,155,000          455,000      (26,000)    
 10/86    Pilgrim/Houston/Loop 610                              1,299,000        3,491,000        1,333,000      (34,000)    
 10/86    Pilgrim/Houston/S.W. Freeway                            904,000        2,319,000          484,000      (20,000)    
 10/86    Pilgrim/Houston/FM 1960                                 719,000        1,987,000        (482,000)      (11,000)    
 10/86    Pilgrim/Houston/Old Katy Rd.                          1,365,000        3,431,000          857,000      (30,000)    
 10/86    Pilgrim/Houston/Long Point                              451,000        1,187,000          442,000      (12,000)    
 10/86    Austin/Research Blvd.                                 1,390,000        1,710,000          317,000      (14,000)    
 12/86    Lynnwood/196th St. SW                                 1,063,000        1,602,000          296,000      (13,000)    
 12/86    Auburn/Auburn Way North                                 606,000        1,144,000          303,000      (10,000)    
 12/86    Gresham/Burnside                                        351,000        1,056,000          299,000      (10,000)    
 12/86    Denver/Sheridan Blvd.                                 1,033,000        2,792,000          517,000      (23,000)    
 12/86    Marietta/Cobb Pkwy. II                                  536,000        2,764,000          529,000      (23,000)    
 12/86    Hillsboro/Tualatin Hwy.                                 461,000          574,000          287,000       (6,000)    
 11/86    Arleta/Osborne St.                                      987,000          663,000          223,000       (6,000)    
  4/87    City of Industry/Amar Rd.                               748,000        2,052,000          341,000      (17,000)    
  3/87    Annandale/Ravensworth                                   679,000        1,621,000          168,000      (13,000)    
  5/87    OK City/W. Hefner                                       459,000          941,000          203,000       (8,000)    
 12/86    San Antonio/W Sunset Rd.                              1,206,000        1,594,000          402,000      (14,000)    
  8/86    Hammond/Calumet                                          97,000          751,000          428,000       (8,000)    
  7/86    Portland/Moody St.                                      663,000        1,637,000         (77,000)      (11,000)    
  7/87    Oakbrook/Roosevelt Road                                 912,000        2,688,000          583,000     (369,000)    
 10/87    Plantation/S. State Rd.                                 924,000        1,801,000          224,000     (229,000)    
  2/88    Anaheim/N. Lakeview                                     995,000        1,505,000          445,000     (220,000)    
  8/87    San Antonio/Austin Hwy.                                 400,000          850,000          163,000     (114,000)    
 10/87    Rockville/Fredrick Rd.                                1,695,000        3,305,000          611,000     (442,000)    
                                      F-38
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  1/96    San Antonio, TX/San Pedro                               912,000        2,170,000           33,000                  
  1/96    San Francisco/ Second St.                             2,880,000        6,814,000           35,000                  
  1/96    San Gabriel                                           1,005,000        2,345,000           32,000                  
  2/96    Naples, FL/Old US 41                                    849,000        2,016,000           15,000                  
  2/96    Lake Worth, FL/S. Military Tr.                        1,782,000        4,723,000           31,000                  
  2/96    Brandon, FL/W Brandon Blvd.                           1,928,000        4,523,000           51,000                  
  2/96    Coral Springs FL/W Sample Rd.                         3,480,000        8,148,000           32,000                  
  2/96    Delray Beach FL/S Military Tr                           940,000        2,222,000           27,000                  
  2/96    Jupiter FL/Military Trail                             2,280,000        5,347,000            9,000                  
  2/96    Lake Worth FL/Lk Worth Rd                               736,000        1,742,000           28,000                  
  4/96    Naples, FL/Radio Road                                 1,187,000        2,809,000           14,000                  
  2/96    New Port Richey FL/State rd 54                          856,000        2,025,000           23,000                  
  2/96    Pompano Beach FL/ W Copans                            1,600,000        3,756,000           44,000                  
  2/96    Sanford FL/S Orlando Dr                                 734,000        1,749,000           12,000                  
  6/96    Boca Raton FL/Boca Rio Road                           3,180,000        7,468,000           47,000                  
  9/96    Spring Valley/S Pascack rd NY                         1,260,000        2,966,000           17,000                  
  6/96    Venice FL/S. US 41 Bypass                               669,000        1,575,000           18,000                  
  7/96    Glen Burnie/Furnace Br Rd MD                          1,755,000        4,150,000           25,000                  
 10/96    Virginia Beach/Southern Blvd                            282,000          610,000           22,000                  
 10/96    Chesapeake/Military Hwy                                 912,000        1,974,000           21,000                  
 10/96    Hampton/Pembroke Road                                 1,080,000        2,346,000           24,000                  
 10/96    Norfolk/Widgeon Road                                  1,110,000        2,405,000           22,000                  
 10/96    Richmond/Bloom Lane                                   1,188,000        2,512,000           21,000                  
 10/96    Richmond/Midlothian Tnpk.                               762,000        1,588,000           22,000                  
 10/96    Roanoke/Peters Creek Road                               819,000        1,776,000           21,000                  
 10/96    Orlando/E Oakridge Rd                                   927,000        2,020,000           38,000                  
 10/96    Fern Park/South Hwy 17-92                             1,170,000        2,549,000           28,000                  
 11/96    Bossier City LA/Barksdale                               633,000        1,488,000           14,000                  
 10/96    Austin/Renelli                                        1,710,000        3,990,000                0                  
 10/96    Austin/Santiago                                         900,000        2,100,000            1,000                  
 10/96    Dallas/East N.W. Highway                                698,000        1,628,000            6,000                  
 10/96    Dallas/Denton Drive                                     900,000        2,100,000           13,000                  
 10/96    Houston/Hempstead                                       518,000        1,207,000            5,000                  
 10/96    Pasadena/So. Shaver                                     420,000          980,000            6,000                  
 12/96    Cherry Hill/Old Cuthbert                                645,000        1,505,000            6,000                  
 12/96    Oklahoma City/SW 74th Exprw.                            375,000          875,000            4,000                  
 12/96    Oklahoma City/S Santa Fe                                360,000          840,000            3,000                  
 12/96    Oklahoma City/S. May                                    360,000          840,000            3,000                  
 12/96    Arlington/S. Watson Rd.                                 930,000        2,170,000                0                  
 12/96    Richardson/E. Arapaho                                 1,290,000        3,010,000                0                  
                                      F-39
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 10/96    Houston/Joel Wheaton Rd                                 465,000        1,085,000                0                  
 10/96    Mt Holly/541 Bypass                                     360,000          840,000            3,000                  
 11/96    Forest Park/I-75 Frontage                               270,000          630,000            3,000                  
 11/96    Town East/Mesquite US Hwy 80                            330,000          770,000            2,000                  
  7/95    Artesia/Artesia                                         668,000          874,000            7,000     (150,000)    
  7/95    Arcadia/Lower Azusa                                     878,000          813,000           32,000     (144,000)    
  7/95    Dallas/Kingsly IV                                     1,171,000          998,000            9,000     (172,000)    
  7/95    Manassas/Centreville                                    433,000        1,308,000            8,000     (225,000)    
  7/95    Los Angeles/San Pedro St.                             1,719,000        2,071,000           21,000     (357,000)    
  7/95    Bellevue/Northup                                      1,317,000        1,980,000            3,000     (339,000)    
  7/95    Hollywood/Willoughby                                  1,701,000        1,100,000           12,000     (190,000)    
  7/95    Atlanta/John Wesley Dobbs Av                          1,319,000          873,000          106,000     (167,000)    
  7/95    Montebello/S. Maple Ave                               1,362,000        1,403,000           17,000     (242,000)    
  7/95    Lake City/Forest Parkway                                266,000          832,000           19,000     (145,000)    
  7/95    Baltimore/W Patapsco                                    430,000        1,629,000            5,000     (279,000)    
  7/95    Fraser/Groesbeck Hwy                                    393,000        1,089,000            1,000     (186,000)    
  7/95    Vallejo/Mini Drive                                      599,000        1,086,000           13,000     (188,000)    
  9/95    Whittier                                                215,000          384,000           13,000       683,000    
  9/95    Van Nuys/Balboa                                         295,000          657,000           17,000     1,165,000    
  9/95    Huntington Beach/McFadden               414,000         176,000          321,000           51,000       728,000    
  9/95    Monterey Park                           317,000         124,000          346,000           20,000       797,000    
  9/95    Downey                                  338,000         191,000          317,000           47,000       756,000    
  9/95    Walnut B                                                 85,000          346,000            8,000       838,000    
  9/95    Stockton                                400,000         151,000          402,000           25,000       608,000    
  9/95    Del Amo                                                 474,000          742,000           23,000     1,122,000    
  9/95    Carson/Del Amo Blvd.                                    375,000          735,000           50,000        44,000    
  9/95    Fresno                                  111,000          44,000          206,000            2,000     1,090,000    
  1/96    Bensenville/York Rd                                     667,000        1,602,000            5,000       528,000    
  1/96    Louisville/Preston Hwy                                  211,000        1,060,000                0       349,000    
  1/96    San Jose/Aborn Road                                     615,000        1,342,000            1,000       442,000    
  1/96    Englewood/Federal                                       481,000        1,395,000                0       458,000    
  1/96    W. Hollywood/Santa Monica                             3,415,000        4,577,000            6,000     1,506,000    
  1/96    Orland Hills/W. 159th                                   917,000        2,392,000                0       787,000    
  1/96    Merrionette Park/S Kedzie                               818,000        2,020,000            2,000       665,000    
  1/96    Denver/S Quebec                                       1,849,000        1,941,000                0       638,000    
  1/96    Tigard/S.W. Pacific Hwy                                 633,000        1,206,000            2,000       397,000    
  1/96    Coram/Middle Country Road                               507,000        1,421,000            4,000       468,000    
  1/96    Houston/FM 1960                                         635,000        1,294,000                0       425,000    
  1/96    Kent/Military Trail                                     409,000        1,670,000                0       549,000    
  1/96    Turnersville/Black Horse Pike                           165,000        1,360,000            2,000       448,000    
                                      F-40
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  1/96    Sewell/Rts. 553                                         323,000        1,138,000            4,000       376,000    
  1/96    Maple Shade/Fellowship Rd.                              331,000        1,421,000                0       467,000    
  1/96    Hyattsville/Kenilworth                                  509,000        1,757,000                0       578,000    
  1/96    Waterbury/Captain Neville Dr                            434,000        2,089,000                0       687,000    
  1/96    Bedford Hts/Miles Road                                  835,000        1,577,000                0       519,000    
  1/96    Livonia/Newburgh                                        635,000        1,407,000            2,000       463,000    
  1/96    Sunland/Sunland Blvd.                                   631,000        1,965,000            2,000       647,000    
  1/96    Des Moines/Des Moines Way                               448,000        1,350,000                0       444,000    
  1/96    Oxonhill/Indianhead Hwy                                 772,000        2,017,000                0       663,000    
  1/96    Sacramento/N. 16th                                      582,000        2,610,000            4,000       859,000    
  1/96    Houston/Westheimer II                                 1,508,000        2,274,000            2,000       749,000    
  1/96    San Pablo/San Pablo Ave.                                565,000        1,232,000                0       405,000    
  1/96    Bowie/Woodcliff                                         718,000        2,336,000                0       769,000    
  1/96    Milwaukee/S. 84th                                       444,000        1,868,000            2,000       615,000    
  1/96    Clinton/Malcolm Road                                    593,000        2,123,000            3,000       699,000    
  4/96    San Diego/54th & Euclid                                 880,000        2,429,000            7,000       706,000    
  4/96    Miami/5th Street                                      2,151,000        3,018,000           14,000       879,000    
  4/96    Silver Springs/Hillwood                                 852,000        1,972,000            3,000       572,000    
  4/96    Chicago/E. 95th Street                                  367,000        2,197,000           42,000       649,000    
  4/96    Chicago/S. Harlem                                       731,000        1,344,000           13,000       394,000    
  4/96    St. Charles/Highway 94                                  576,000        1,430,000            2,000       415,000    
  4/96    Chicago/Burr Ridge Road                                 389,000        2,055,000           14,000       600,000    
  4/96    St. Louis/Hwy. 141                                      609,000        1,543,000            2,000       448,000    
  4/96    Island Park/Austin                                    2,138,000        2,862,000           13,000       833,000    
  4/96    Yonkers/Route 9A                                      1,767,000        3,633,000           19,000     1,058,000    
  4/96    Los Angeles/Glendale Blvd.                            2,139,000        5,220,000            7,000     1,515,000    
  4/96    Akron/Brittain Rd.                                      254,000        2,130,000                0       617,000    
  4/96    Chicago/Harlem Ave.                                   1,322,000        2,752,000          134,000       836,000    
  4/96    Bethesda/Butler Road                                  1,059,000        2,410,000                0       699,000    
  4/96    Dundalk/Wise Avenue                                     413,000        1,893,000                0       549,000    
  4/96    Chicago/Pulaski                                         764,000        1,869,000           37,000                  
  4/96    Las Vegas/Desert Inn                                  1,115,000        2,729,000            9,000                  
  4/96    Torrance/Crenshaw                                       916,000        2,243,000            4,000                  
  4/96    Weymouth, WA state                                      485,000        1,187,000            6,000                  
  4/96    St. Louis/Barrett Station Road                          630,000        1,542,000           10,000                  
  4/96    Rockville/Randolph                                    1,153,000        2,823,000                0                  
  4/96    Simi Valley/Easy Street                                 970,000        2,374,000            3,000                  
  4/96    Houston/Galleria                                      1,390,000        3,402,000           24,000                  
  3/96    Sandy Springs/Roswell                                   898,000        3,649,000           21,000                  
  7/96    Lakewood/W Hampden CO                                   717,000        2,092,000           27,000                  
                                       F-41
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
 8/96    Norcross/Holcomb Bridge Rd                              955,000        3,117,000           16,000                  
 12/96    Lake Forest/Cooks Bay Dr                                971,000        2,173,000          302,000                  

          COMMERCIAL PROPERTIES

 12/81    South Houston/So. Shaver                                354,000        1,981,000          180,000                  
  5/94    Monterey Park                                         3,150,000        5,860,000          130,000                  
  6/95    Cerritos/Edwards Road                                   516,000        1,265,000          104,000                  
  6/95    Milwaukie II/SE Intl Way                                411,000          999,000          133,000                  
  6/95    Renton/Rainier                                          295,000          698,000           18,000                  
  9/96    San Diego/Lusk                                        1,522,000        3,664,000           15,000                  
  9/96    Alexandria/Eisenhower                                 1,463,000        3,585,000           75,000                  
  9/96    Torrance/Crenshaw                                       457,000        1,120,000           21,000                  
 11/95    Camarillo/Ventura Blvd                                  180,000          420,000           15,000                  
  3/96    San Jose, CA                                          3,458,000        8,563,000          151,000                  
 12/83    Signal Hill/Bus. Park                                 1,195,000        2,220,000          832,000       281,000    
 12/83    Lakewood                                              2,513,000        4,238,000        1,844,000       160,000    
  3/84    Austin                                                4,321,000        5,937,000        3,139,000       239,000    
  3/85    Pacific Scene                                         1,536,000        5,689,000        2,237,000        65,000    
  7/85    Timberway                                             2,221,000       12,179,000        2,841,000       259,000    
 10/85    One Park Ten                                          2,365,000        6,215,000        3,320,000       164,000    
 10/85    Park Terrace                                            943,000        2,477,000        1,021,000        60,000    
  2/86    San Diego/ Knoll Mission                              1,967,000        6,783,000        2,359,000     (208,000)    
  3/86    Fox Hills/ Culver City                                7,544,000       11,656,000        3,738,000     (349,000)    
  3/86    Tempe/University (Silvergate)                         4,201,000        5,099,000        2,761,000     (433,000)    
  5/86    Signal Hill/Parkway                                   2,463,000        4,837,000        1,361,000     (342,000)    
  7/86    Mesa West Commercial Plaza                            1,333,000        2,935,000          822,000      (27,000)    
  7/86    University Corp. Center                               1,419,000        3,123,000          931,000      (29,000)    
  5/87    Carson/Leapwood                                       2,535,000        3,165,000        1,102,000     (482,000)    
 10/96    La Prada                                                495,000        1,155,000                0                  
 10/96    Eastgate/NW Highway                                     480,000        1,120,000           20,000                  
 10/96    Quail Valley                                            360,000          840,000            6,000                  
 11/96    Downtn Business Ctr/Nashville                           660,000        1,540,000                0                  
 11/96    Airport South/Nashville                                 660,000        1,540,000                0                  
 11/96    Woodbridge/Business Ctr Rd                            1,350,000        3,150,000                0                  
 12/96    Broken Arrow/W Concorde Cir                             840,000        1,960,000                0                  
 10/96    Little Rock/John Barrow Road                            780,000        1,820,000            6,000                  
 10/96    Tulsa/S. Peoria                                         375,000          875,000                0                  
  2/96    12345 Ventura Bl., Studio City                          916,000        2,244,000          267,000                  
  2/95    Milwaukie/40th Street                                   600,000        1,444,000           32,000                  
                                       F-42
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                                                                       
                                                                                                             Adjustments
                                                                                                              Resulting
                                                                                                               from the
  Date                                                              Initial Cost                 Costs       Acquisition     
                                                                 ----------------------       Subsequent     of Minority     
 Acquired            Description             Encumbrances        Land         Buildings     to Acquisition    Interests      
 ----------------------------------------------------------------------------------------------------------------------------
          OTHER PROPERTIES
<S>       <C>                                  <C>             <C>            <C>                <C>          <C>             
  1/96    Glendale/Western Avenue                               1,622,000        3,771,000        2,402,000                  
          Construction in Progress                                      -                        35,815,000                  
          Vacant Land                                           1,306,000                                                    
          Other Encumbrances                    2,601,000
                                             ============= =============== ================ ================ ============= 
                                              $48,693,000    $603,230,000   $1,429,961,000     $155,421,000   $32,701,000    
                                             ============= =============== ================ ================ ============= 

  


                                       F-43
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
         SELF-STORAGE FACILITIES
<S>      <C>                                       <C>             <C>              <C>             <C>
  1/81    Newport News/Jefferson Avenue I           $108,000       $1,428,000       $1,536,000       $916,000
  1/81    Virginia Beach/Diamond Springs             186,000        1,452,000        1,638,000        914,000
  8/81    San Jose/Snell                             312,000        2,057,000        2,369,000      1,238,000
 10/81    Tampa/Lazy Lane                            282,000        2,354,000        2,636,000      1,419,000
 11/81    Hayward/Whipple                            463,000        2,227,000        2,690,000      1,346,000
  6/82    San Jose/Tully I                           645,000        1,923,000        2,568,000      1,111,000
  6/82    San Carlos/Shoreway Rd.                    780,000        1,715,000        2,495,000      1,047,000
  6/82    Mountain View                            1,180,000        1,611,000        2,791,000        958,000
  6/82    Cupertino/Storage                          572,000        1,553,000        2,125,000        908,000
 10/82    Sorrento Valley                          1,002,000        1,464,000        2,466,000        837,000
 10/82    Northwood                                1,034,000        1,624,000        2,658,000        935,000
  3/85    Houston/Westheimer                         850,000        1,808,000        2,658,000        817,000
  3/86    Tampa/56th                                 450,000        1,636,000        2,086,000        716,000
 12/86    Monrovia/Myrtle Avenue                   1,149,000        2,563,000        3,712,000      1,041,000
 12/86    Chatsworth/Topanga                       1,447,000        1,403,000        2,850,000        625,000
 12/86    Houston/Larkwood                           246,000          858,000        1,104,000        317,000
 12/86    Northridge                               3,624,000        2,152,000        5,776,000        803,000
 12/86    Santa Clara/Duane                        1,950,000        1,246,000        3,196,000        559,000
 12/86    Oyster Point                             1,569,000        1,717,000        3,286,000        697,000
 12/86    Walnut A                                   767,000          719,000        1,486,000        303,000
  6/88    Mesquite/Sorrento Drive                    928,000        1,601,000        2,529,000        729,000
  3/92    Dallas/Walnut St.                          537,000        1,142,000        1,679,000        964,000
  5/92    Camp Creek                                 576,000        1,145,000        1,721,000        220,000
  8/92    Tampa/N.Dale Mabry                         808,000        1,681,000        2,489,000        314,000
  9/92    Orlando/W. Colonial                        368,000          753,000        1,121,000        151,000
  9/92    Jacksonville/Arlington                     554,000        1,120,000        1,674,000        216,000
 10/92    Stockton/Mariners                          381,000          763,000        1,144,000        133,000
  1/92    Costa Mesa II                              535,000        1,539,000        2,074,000        691,000
 11/92    Virginia Beach/General Booth Blvd          599,000        1,166,000        1,765,000        213,000
  1/93    Redwood City/Storage                       907,000        1,790,000        2,697,000        292,000
  1/93    City Of Industry                         1,611,000        3,384,000        4,995,000        595,000
  1/93    San Jose/Felipe II                       1,124,000        2,214,000        3,338,000        355,000
  1/93    Baldwin Park/Garvey Ave                    840,000        1,646,000        2,486,000        251,000
  3/93    Westminister/W. 80th                       840,000        1,648,000        2,488,000        257,000
  5/93    Austin /N. Lamar Blvd. III                 919,000        1,760,000        2,679,000        259,000
  7/93    Austin/So. Congress Ave                    777,000        1,619,000        2,396,000        235,000
  6/93    Citrus Heights/Sylvan Road                 438,000          909,000        1,347,000        160,000
</TABLE>
                                    F-24
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  5/93    Jacksonville/Phillips Hwy.                 406,000          819,000        1,225,000        127,000
  5/93    Tampa/Nebraska Avenue                      550,000        1,071,000        1,621,000        164,000
  4/93    Costa Mesa/Newport                       2,141,000        4,108,000        6,249,000        613,000
  6/93    Calabasas/Ventura Blvd.                  1,762,000        3,367,000        5,129,000        504,000
  6/93    Carmichael/Fair Oaks                       573,000        1,109,000        1,682,000        162,000
  6/93    Santa Clara/Duane II                       454,000          850,000        1,304,000        124,000
  6/93    Trenton/Allen Road                         623,000        1,220,000        1,843,000        173,000
  6/93    Los Angeles/W.Jefferson Blvd             1,085,000        2,046,000        3,131,000        288,000
  8/93    So. Brunswick/Highway 1                  1,076,000        2,131,000        3,207,000        292,000
  8/93    Atlanta/Northside Dr.                    1,150,000        2,187,000        3,337,000        315,000
  8/93    Smyrna/ Roswell Rd                         446,000          904,000        1,350,000        131,000
  8/93    Gaithersburg/E. Diamond                    602,000        1,213,000        1,815,000        166,000
  8/93    Austin/N. Lamar IV                         502,000          966,000        1,468,000        134,000
 10/93    Denver/Federal Blvd                        875,000        1,667,000        2,542,000        217,000
 10/93    Citrus Heights/San Juan                    527,000        1,013,000        1,540,000        131,000
 10/93    Lakewood/6th Ave                           798,000        1,509,000        2,307,000        198,000
 11/93    Upland/S. Euclid Ave.                      508,000        1,032,000        1,540,000        127,000
 10/93    Houston/S Shaver St                        481,000          971,000        1,452,000        125,000
 12/93    Salt Lake City/E. 3900 South St.           765,000        1,603,000        2,368,000        230,000
 12/93    West Valley City/West 3500 S.              682,000        1,339,000        2,021,000        170,000
 11/93    Norcross/Jimmy Carter Blvd.                626,000        1,234,000        1,860,000        154,000
 11/93    Seattle/13th                             1,085,000        2,242,000        3,327,000        293,000
 12/93    Pinellas Park/34th St. W                   607,000        1,211,000        1,818,000        157,000
  1/94    Herndon/Centreville Road                 1,358,000        3,239,000        4,597,000        231,000
 12/93    New Orleans/S. Carrollton Ave            1,575,000        2,985,000        4,560,000        363,000
 12/93    Orange/Main II                           1,593,000        3,246,000        4,839,000        348,000
 12/93    Sunnyvale/Weddell Dr.                      725,000        1,501,000        2,226,000        157,000
 12/93    El Cajon/Magnolia                          542,000        1,112,000        1,654,000        117,000
 12/93    Orlando/S. Semoran Blvd.                   601,000        1,247,000        1,848,000        135,000
 12/93    Tampa/W. Hillsborough Ave                  436,000          898,000        1,334,000         98,000
 12/93    Irving/North Loop 12                       354,000          695,000        1,049,000         83,000
 12/93    Fullerton/W. Commonwealth                1,160,000        2,362,000        3,522,000        253,000
 12/93    N. Lauderdale/McNab Rd                     798,000        1,624,000        2,422,000        175,000
 12/93    Los Alamitos/Cerritos                      874,000        1,756,000        2,630,000        188,000
 12/93    Frederick/Prospect Blvd.                   693,000        1,414,000        2,107,000        158,000
 12/93    Indianapolis/E. Washington                 505,000        1,023,000        1,528,000        110,000
 12/93    Gardena/Western Ave.                       695,000        1,371,000        2,066,000        147,000
 12/93    Palm Bay/Babcock Street                    525,000        1,065,000        1,590,000        118,000
  1/94    Hialeah/W. 20th Ave.                     1,590,000        3,834,000        5,424,000        433,000
  1/94    Sunnyvale/N. Fair Oaks Ave                 658,000        1,551,000        2,209,000        169,000

</TABLE>
                                       F-25
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  1/94    Honolulu/Iwaena                                  0        3,874,000        3,874,000        367,000
  1/94    Miami/Golden Glades                        557,000        1,344,000        1,901,000        149,000
  2/94    LasVegas/S.MartinLutherKing Blvd         1,435,000        3,462,000        4,897,000        362,000
  2/94    Arlingtn/Old Jeffersn Davishwy             630,000        1,571,000        2,201,000        185,000
  3/94    Portland/SW Barnes Road                    807,000        1,982,000        2,789,000        240,000
  3/94    Hypoluxo                                   630,000        2,526,000        3,156,000        389,000
  3/94    Austin/Arboretum                           405,000        1,005,000        1,410,000        122,000
  3/94    Tinton Falls/Shrewsbury Ave                921,000        2,273,000        3,194,000        269,000
  3/94    East Brunswick/Milltown Road             1,099,000        2,698,000        3,797,000        308,000
  3/94    Mercerville/Quakerbridge Road              950,000        2,303,000        3,253,000        268,000
  4/94    No. Highlands/Roseville Road               840,000        2,039,000        2,879,000        240,000
  5/94    Fort Pierce/Okeechobee Road                375,000          941,000        1,316,000        110,000
  6/94    Chattanooga/Brainerd Road                  525,000        1,291,000        1,816,000        140,000
  6/94    Chattanooga/Ringgold Road                  652,000        1,613,000        2,265,000        175,000
  5/94    Hempstead/Peninsula Blvd.                1,762,000        4,180,000        5,942,000        436,000
  5/94    LA/Huntington                              414,000        1,007,000        1,421,000        103,000
  6/94    Las Vegas/Tropicana II                     643,000        1,569,000        2,212,000        169,000
  6/94    Henderson/Green Valley Pkwy                898,000        2,163,000        3,061,000        236,000
  6/94    Las Vegas/S. Valley View Blvd              718,000        1,745,000        2,463,000        188,000
  6/94    Las Vegas/N. Lamb Blvd.                    745,000        1,828,000        2,573,000        200,000
  6/94    Birmingham/W. Oxmoor Road                  456,000        1,284,000        1,740,000        177,000
  7/94    Milpitas/Dempsey Road                    1,080,000        2,617,000        3,697,000        280,000
  9/94    Huntsville/Old Monrovia Road               525,000        1,292,000        1,817,000        129,000
  9/94    West Haven/Bull Hill Lane                  390,000          980,000        1,370,000        105,000
  3/95    Everett/Highway 99 South                   859,000        2,122,000        2,981,000        168,000
  3/95    Burien/1st Ave South                       763,000        1,933,000        2,696,000        159,000
  3/95    Kent/South 238th Street                    763,000        1,908,000        2,671,000        153,000
 10/94    Davie/State Road 84                        638,000        2,357,000        2,995,000        194,000
 10/94    Alcoa/Airport Plaza Drive                  465,000        1,128,000        1,593,000        146,000
 10/94    Carrollton/Marsh Lane                    1,022,000        2,485,000        3,507,000        187,000
 10/94    Sherman Oaks/Van Nuys Blvd               1,423,000        3,155,000        4,578,000        260,000
 12/94    Salt Lake City/West North Temple           420,000        1,038,000        1,458,000         91,000
  5/95    Sandy/S. State Street                    1,042,000        2,572,000        3,614,000        178,000
  8/94    New Orleans/I-10                           672,000        1,600,000        2,272,000        156,000
  8/94    Beaverton/S.W. Denny Road                  568,000        1,352,000        1,920,000        132,000
  8/94    Irwindale/Central Ave.                     578,000        1,375,000        1,953,000        132,000
  8/94    Suitland/St. Barnabas Rd                 1,312,000        3,151,000        4,463,000        319,000
  8/94    North Brunswick/How Lane                 1,062,000        2,510,000        3,572,000        243,000
  8/94    Lombard/64th                               726,000        1,730,000        2,456,000        166,000
  8/94    Alsip/27th                                 348,000          845,000        1,193,000         83,000
                                      F-26
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  1/95    Nashville/Elm Hill Pike                    337,000          944,000        1,281,000         99,000
  1/95    North Bergen/Tonnelle Ave.               1,564,000        3,807,000        5,371,000        242,000
  1/95    San Leandro/Hesperian                      734,000        1,739,000        2,473,000        120,000
  9/94    San Francisco/Marin St.                  1,371,000        3,271,000        4,642,000        301,000
  2/95    Reno/S. McCarron Blvd                    1,080,000        2,594,000        3,674,000        195,000
  1/95    Pantego/West Park Row                      315,000          777,000        1,092,000         65,000
  1/95    Roswell/Alpharetta Street                  423,000        1,048,000        1,471,000         87,000
  9/94    Baltimore/Hillen Street                    497,000        1,189,000        1,686,000        107,000
  9/94    San Francisco /10th & Howard             1,221,000        2,904,000        4,125,000        262,000
  9/94    Montebello/E. Whittier                     329,000          818,000        1,147,000         74,000
  9/95    Darien/Frontage Road                       975,000        2,348,000        3,323,000        133,000
  1/95    Chula Vista/Main Street                    735,000        1,859,000        2,594,000        162,000
  8/95    Studio City/Ventura Crt.                 1,285,000        3,034,000        4,319,000        176,000
 12/94    Apple Valley/Foliage Ave                   780,000        1,893,000        2,673,000        162,000
  9/94    Arlington/Collins                          195,000          526,000          721,000         56,000
  9/94    Miami/S.W. 119th Ave                       562,000        1,318,000        1,880,000        120,000
  9/94    Blackwood/Erial Road                       663,000        1,564,000        2,227,000        142,000
  9/94    Concord/Monument                           936,000        2,236,000        3,172,000        209,000
  9/94    Rochester/Lee Road                         402,000          956,000        1,358,000         88,000
  9/94    Houston/Bellaire                           534,000        1,261,000        1,795,000        115,000
  9/94    Austin/Lamar Blvd I                        669,000        1,568,000        2,237,000        142,000
  9/94    Milwaukee/Lovers Lane Rd                   402,000          956,000        1,358,000         87,000
  9/94    Monterey/Del Rey Oaks                    1,152,000        2,715,000        3,867,000        253,000
  9/94    St. Petersburg/66th St.                    366,000          883,000        1,249,000         85,000
  9/94    Dayton Bch/N. Nova Road                    339,000          799,000        1,138,000         72,000
  9/94    Maple Shade/Route 38                       852,000        2,020,000        2,872,000        185,000
  9/94    Marlton/Route 73 N.                        804,000        1,904,000        2,708,000        173,000
  9/94    Naperville/E. Ogden Ave                    585,000        1,403,000        1,988,000        129,000
  9/94    Long Beach/South Street                  1,524,000        3,620,000        5,144,000        343,000
  9/94    Aloha/S.W. Shaw                            690,000        1,637,000        2,327,000        153,000
  9/94    Alexandria/S. Pickett                    1,329,000        3,134,000        4,463,000        284,000
  9/94    Houston/Highway 6 North                    960,000        2,322,000        3,282,000        211,000
  9/94    San Antonio/Nacogdoches Rd                 489,000        1,170,000        1,659,000        106,000
  9/94    San Ramon/San Ramon Valley               1,311,000        3,149,000        4,460,000        312,000
  9/94    San Rafael/Merrydale Rd                  1,461,000        3,437,000        4,898,000        313,000
  9/94    San Antonio/Austin Hwy                     507,000        1,221,000        1,728,000        109,000
  9/94    Sharonville/E. Kemper                      492,000        1,190,000        1,682,000        107,000
 12/94    Knoxville/Chapman Highway                  645,000        1,597,000        2,242,000        140,000
  7/95    Tarzana/Burbank Blvd                     2,895,000        6,978,000        9,873,000        413,000
 12/94    Milpitas/Watson II                       1,350,000        3,200,000        4,550,000        262,000
                                      F-27
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
 12/94    Las Vegas/Jones Blvd                     1,035,000        2,441,000        3,476,000        196,000
 12/94    Venice/Guthrie                             495,000        1,173,000        1,668,000         94,000
  5/95    Largo/Ulmerton Road                        262,000          717,000          979,000         54,000
  3/95    Cheverly/Central Ave                       911,000        2,172,000        3,083,000        151,000
  5/95    Falls Church/Gallows Road                  350,000          916,000        1,266,000         61,000
  5/95    Fairfield/Western Street                   439,000        1,046,000        1,485,000         69,000
  5/95    Dallas/W. Mockingbird                    1,440,000        3,372,000        4,812,000        224,000
  5/95    East Point/Lakewood                        884,000        2,112,000        2,996,000        142,000
  6/95    Baltimore/Old Waterloo                     769,000        1,854,000        2,623,000        117,000
  6/95    Pleasant Hill/Hookston                     766,000        1,863,000        2,629,000        122,000
  6/95    Mountain View/Old Middlefield            2,095,000        4,913,000        7,008,000        311,000
 11/95    Palm Beach Gardens/N Military              657,000        1,595,000        2,252,000         77,000
 11/95    Delray Beach/N Federal Hwy                 600,000        1,459,000        2,059,000         71,000
  6/95    San Jose/Blossom Hill                    1,467,000        3,455,000        4,922,000        209,000
  6/95    Fairfield/Kings Highway                  1,810,000        4,295,000        6,105,000        265,000
  6/95    Pacoima/Paxton Street                      840,000        1,994,000        2,834,000        121,000
  8/95    Smyrna/Hargrove Road                     1,020,000        3,238,000        4,258,000        166,000
  7/95    Orlando/Lakehurst                          450,000        1,074,000        1,524,000         61,000
  7/95    Livermore/East Airway Blvd                 921,000        2,184,000        3,105,000        125,000
  7/95    San Jose/Tully II                          912,000        2,169,000        3,081,000        122,000
  7/95    Mission Bay                              1,617,000        3,908,000        5,525,000        232,000
  7/95    Las Vegas/Decatur                        1,147,000        2,713,000        3,860,000        155,000
  7/95    Pleasanton/Stanley                       1,624,000        3,819,000        5,443,000        219,000
  7/95    Castro Valley/Grove                        757,000        1,775,000        2,532,000        101,000
  7/95    Honolulu/Kaneohe                         1,215,000        2,898,000        4,113,000        167,000
  7/95    Chicago/Wabash Ave                         645,000        1,585,000        2,230,000         88,000
  7/95    Springfield/Parker St.                     765,000        1,843,000        2,608,000        106,000
  7/95    Huntington Bch/Gothard St.                 765,000        1,871,000        2,636,000        108,000
  8/95    Gresham/Division                           607,000        1,431,000        2,038,000         85,000
  8/95    Tucker/Lawrenceville Hwy                   600,000        1,448,000        2,048,000         82,000
  8/95    Decatur/Covington I                        720,000        1,735,000        2,455,000         98,000
  7/95    Tucker/Lawrenceville Hwy II                630,000        1,528,000        2,158,000         87,000
  7/95    Marietta/Canton Road                       600,000        1,443,000        2,043,000         85,000
  7/95    Wheeling/Hintz                             450,000        1,069,000        1,519,000         60,000
  9/95    Hayward/Mission Blvd                     1,020,000        2,393,000        3,413,000        128,000
  9/95    Park City/Belvidere Road                   600,000        1,409,000        2,009,000         75,000
  9/95    New Castle/Dupont Parkway                  990,000        2,369,000        3,359,000        126,000
  9/95    Las Vegas/Rainbow                        1,050,000        2,473,000        3,523,000        132,000
          Mountain View/Rengstorff                   945,000        2,225,000        3,170,000        120,000
  9/95    Venice/Cadillac                            930,000        2,196,000        3,126,000        118,000
                                       
</TABLE>
                                      F-28
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  2/95    Decatur/Flat Shoals                        970,000        2,379,000        3,349,000        181,000
  2/95    Smyrna/S. Cobb                             663,000        1,591,000        2,254,000        118,000
  2/95    Downey/Bellflower Blvd.                    916,000        2,169,000        3,085,000        161,000
  2/95    Vallejo/Lincoln                            445,000        1,070,000        1,515,000         80,000
  2/95    Lynnwood/180th St                          516,000        1,286,000        1,802,000        100,000
  2/95    Kent/Pacific Hwy                           728,000        1,734,000        2,462,000        128,000
  2/95    Kirkland                                 1,254,000        2,949,000        4,203,000        216,000
  2/95    Federal Way/Pacific                        785,000        1,952,000        2,737,000        149,000
  2/95    Tampa/S. Dale Mabry                        791,000        1,883,000        2,674,000        138,000
  2/95    Burlingame/Adrian Rd                     2,280,000        5,375,000        7,655,000        388,000
  2/95    Miami/Cloverleaf                           606,000        1,438,000        2,044,000        107,000
  2/95    Pinole/San Pablo                           639,000        1,544,000        2,183,000        116,000
  2/95    South Gate/Firestone                     1,442,000        3,497,000        4,939,000        271,000
  2/95    San Jose/Mabury                            892,000        2,088,000        2,980,000        152,000
  2/95    La Puente/Valley Blvd                      591,000        1,439,000        2,030,000        110,000
  2/95    San Jose/Capitol Expwy                   1,215,000        2,876,000        4,091,000        211,000
  2/95    Milwaukie/40th Street                      576,000        1,588,000        2,164,000        204,000
  2/95    Portland/N. Lombard                        812,000        1,902,000        2,714,000        138,000
  2/95    Aventura/Biscayne                        1,313,000        3,093,000        4,406,000        226,000
  2/95    Chicago/Clark Street                       442,000        1,051,000        1,493,000         77,000
  2/95    Palatine/Dundee                            698,000        1,662,000        2,360,000        124,000
  2/95    Williamsville/Transit Rd.                  284,000          672,000          956,000         52,000
  2/95    Amherst/Sheridan Drive                     484,000        1,161,000        1,645,000         91,000
  9/95    Simi Valley /Los Angeles Ave.            1,590,000        3,739,000        5,329,000        202,000
  9/95    Spring Valley/Foreman Dr.                1,095,000        2,584,000        3,679,000        138,000
  9/95    Van Nuys/Balboa Blvd                     1,920,000        4,567,000        6,487,000          4,000
 10/95    San Lorenzo /Hesperian                   1,590,000        3,756,000        5,346,000          4,000
 10/95    Chicago/W. 47th Street                     300,000          730,000        1,030,000          1,000
 10/95    Los Angeles/Eastern Ave.                   454,000        1,075,000        1,529,000          1,000
  6/95    Portland/Prescott                          647,000        1,547,000        2,194,000         88,000
  6/95    St. Petersburg/U.S. 19                     352,000          854,000        1,206,000         50,000
  6/95    Dallas/Audelia Road                      1,166,000        2,795,000        3,961,000        164,000
  6/95    Miami Gardens                              823,000        1,936,000        2,759,000        111,000
  6/95    Grand Prairie/19th                         566,000        1,359,000        1,925,000         80,000
  6/95    Joliet/Jefferson Street                    501,000        1,219,000        1,720,000         71,000
  6/95    Bridgeton/Pennridge                        283,000          678,000          961,000         39,000
  6/95    Portland/S.E.92nd                          638,000        1,510,000        2,148,000         87,000
  6/95    Houston/S.W. Freeway                       537,000        1,260,000        1,797,000         72,000
  6/95    Milwaukee/Brown Deer                       358,000          889,000        1,247,000         53,000
  6/95    Orlando/W. Oak Ridge Road                  698,000        1,665,000        2,363,000         97,000
                                       F-29
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  6/95    Lauderhill/State Road 7                    644,000        1,518,000        2,162,000         88,000
  6/95    Orange Park /Blanding Blvd                 394,000          924,000        1,318,000         52,000
  6/95    St. Petersburg /Joe's Creek                703,000        1,670,000        2,373,000         95,000
  6/95    St. Louis/Page Service Drive               531,000        1,275,000        1,806,000         72,000
  6/95    Independence /E. 42nd Terr.                438,000        1,062,000        1,500,000         58,000
  6/95    Cherry Hill/Dobbs Lane                     716,000        1,679,000        2,395,000         96,000
  6/95    Edgewater Park/Route 130                   683,000        1,601,000        2,284,000         91,000
  6/95    Beaverton/S.W. 110 Ct.                     572,000        1,344,000        1,916,000         77,000
  6/95    Markham/W. 159th Place                     230,000          562,000          792,000         32,000
  6/95    Houston/N.W. Freeway                       447,000        1,116,000        1,563,000         68,000
  6/95    Portland/Gantenbein                        537,000        1,264,000        1,801,000         73,000
  6/95    Upper Chichester/Market St.                569,000        1,337,000        1,906,000         76,000
  6/95    Fort Worth/Hwy 80                          379,000          908,000        1,287,000         54,000
  6/95    Greenfield/ S. 108th                       728,000        1,727,000        2,455,000        100,000
  6/95    Altamonte Springs                          566,000        1,336,000        1,902,000         76,000
  6/95    East Hazel Crest/Halsted I                 483,000        1,134,000        1,617,000         65,000
  6/95    Seattle/Delridge Way                       760,000        1,806,000        2,566,000        103,000
  6/95    Elmhurst/Lake Frontage Rd                  748,000        1,781,000        2,529,000        104,000
  6/95    Los Angeles/Beverly Blvd                   787,000        1,947,000        2,734,000        120,000
  6/95    Lawrenceville/Brunswick Ave.               841,000        1,986,000        2,827,000        113,000
  6/95    Richmond/Carlson                           865,000        2,061,000        2,926,000        120,000
  6/95    Liverpool/Oswego Road                      545,000        1,289,000        1,834,000         75,000
  6/95    Rochester/East Ave                         578,000        1,380,000        1,958,000         83,000
  6/95    Pasadena/E. Beltway                        757,000        1,772,000        2,529,000        101,000
  3/96    Oakland, CA/Hegenberger                  1,065,000        2,779,000        3,844,000         75,000
  3/96    Saratoga, CA/Sunnyvale                   2,339,000        6,087,000        8,426,000        162,000
  3/96    Randallstown, MD/Liberty Rd.             1,359,000        3,565,000        4,924,000         97,000
  3/96    Plano, TX/Avenue K                         650,000        1,714,000        2,364,000         47,000
  3/96    Houston, TX/Fondren                        543,000        1,402,000        1,945,000         37,000
  3/96    Irvine, CA/Hughes                        1,920,000        5,089,000        7,009,000        136,000
  3/96    Milwaukee, WI/W. Laytonn                   542,000        1,405,000        1,947,000         37,000
  3/96    Carrollton, TX/I-35 East                   578,000        1,498,000        2,076,000         40,000
  3/96    Torrance, CA/Lomita                      1,415,000        3,726,000        5,141,000        101,000
  3/96    Jacksonville/Baymeadows Rd.                713,000        1,851,000        2,564,000         49,000
  3/96    Dallas, TX/ERL Thornton Fwy                315,000          818,000        1,133,000         23,000
  3/96    Houston, TX/North Fwy                      669,000        1,822,000        2,491,000         53,000
  3/96    Baltimore, MD/Wever Road                   842,000        2,191,000        3,033,000         58,000
  3/96    West Haven, CT/Railroad Ave.               740,000        1,913,000        2,653,000         51,000
  9/96    Dallas/Royal Lane                        1,008,000        2,426,000        3,434,000          5,000
  9/96    Colorado Springs/Tomah Drive               731,000        1,785,000        2,516,000          3,000
                                       F-30
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  9/96    Lewisville/S. Stemmons                     603,000        1,453,000        2,056,000          3,000
  9/96    Las Vegas/Boulder Hwy.                     947,000        2,283,000        3,230,000          4,000
  9/96    Sarasota/S. Tamiami Trail                  583,000        1,414,000        1,997,000          3,000
  9/96    Willow Grove/Maryland Road                 673,000        1,621,000        2,294,000          3,000
  9/96    Houston/W. Montgomery Rd.                  524,000        1,263,000        1,787,000          2,000
  9/96    Denver/W. Hampden                        1,084,000        2,611,000        3,695,000          5,000
  9/96    Littleton/Southpark Way                    922,000        2,221,000        3,143,000          4,000
  9/96    Petaluma/Baywood Drive                     861,000        2,082,000        2,943,000          4,000
  9/96    Canoga Park/Sherman Way                  1,543,000        3,721,000        5,264,000          7,000
  9/96    Jacksonville/South Lane Ave.               554,000        1,353,000        1,907,000          3,000
  9/96    Newport News/Warwick Blvd.                 575,000        1,387,000        1,962,000          3,000
  9/96    Greenbrook/Route 22                      1,227,000        2,954,000        4,181,000          6,000
  9/96    Monsey/Route 59                          1,068,000        2,572,000        3,640,000          5,000
  9/96    Santa Rosa/Santa Rosa Ave.                 575,000        1,385,000        1,960,000          3,000
  9/96    Fort Worth/Brentwood Stair                 823,000        2,034,000        2,857,000          4,000
  9/96    Glendale/San Fernando Road               2,500,000        6,126,000        8,626,000         12,000
  9/96    Houston/Harwin                             549,000        1,344,000        1,893,000          3,000
  9/96    Irvine/Cowan Street                      1,890,000        4,631,000        6,521,000          9,000
  9/96    Fairfield/Dixie Highway                    427,000        1,047,000        1,474,000          2,000
  9/96    Mesa/Country Club Drive                    701,000        1,722,000        2,423,000          3,000
  9/96    San Francisco/Geary Blvd.                2,957,000        7,254,000       10,211,000         14,000
  9/96    Houston/Gulf Freeway                       701,000        1,723,000        2,424,000          3,000
  9/96    Las Vegas/S. Decatur Blvd.               1,037,000        2,543,000        3,580,000          5,000
  9/96    Tempe/McKellips Road                     1,021,000        2,553,000        3,574,000          5,000
  9/96    Richland Hills/Airport Fwy.                473,000        1,165,000        1,638,000          2,000
 11/95    Costa Mesa - B                             522,000        1,230,000        1,752,000         37,000
 11/95    Plano/E. 14th                              705,000        1,649,000        2,354,000         50,000
 11/95    Citrus Heights/Sunrise Vista               520,000        1,231,000        1,751,000         38,000
 11/95    Modesto/Briggsmore Ave                     470,000        1,114,000        1,584,000         34,000
 11/95    So San Francisco/Spruce II               1,905,000        4,486,000        6,391,000        136,000
 11/95    Pacheco/Buchanan Circle                  1,681,000        3,961,000        5,642,000        124,000
  2/95    Schiller Park/W. Irving                  1,688,000        3,987,000        5,675,000        145,000
  2/95    Lansing/173rd Street                     1,514,000        3,534,000        5,048,000        130,000
  2/95    Pleasanton/Boulder Street                1,257,000        2,932,000        4,189,000        112,000
  2/95    LA/Sepulveda                             1,453,000        3,405,000        4,858,000        121,000
  6/96    Las Vegas/Eastern & Harmon                 921,000        2,174,000        3,095,000         44,000
  6/96    Bedford Park, IL/Sayre                     606,000        1,448,000        2,054,000         29,000
  6/96    Los Angeles, CA/Manchester                 692,000        1,632,000        2,324,000         33,000
  6/96    Silver Spring, MD/Burlington             1,513,000        3,535,000        5,048,000         71,000
  6/96    Newark, CA/Fircrest Street               1,051,000        2,459,000        3,510,000         49,000
                                      F-31
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  6/96    Brooklyn, NY/Park Ave.                     783,000        1,840,000        2,623,000         37,000
 12/96    Concord/Treat                            1,396,000        3,258,000        4,654,000              0
 12/96    Virginia Beach/Holland Road                535,000        1,248,000        1,783,000              0
 12/96    San Mateo/E. Delaware                    2,408,000        5,619,000        8,027,000              0
 12/96    Upper Darby/Lansdowne                      899,000        2,272,000        3,171,000              0
 12/96    Plymouth Meeting /Chemical               1,109,000        2,802,000        3,911,000              0
 12/96    Philadelphia/Byberry                     1,019,000        2,575,000        3,594,000              0
 12/96    Ft. Lauderdale/State Road 7              1,199,000        3,030,000        4,229,000              0
 12/96    Englewood/Costilla                       1,739,000        4,393,000        6,132,000              0
 12/96    Lilburn/Beaver Ruin Road                   600,000        1,515,000        2,115,000              0
 12/96    Carmichael/Fair Oaks II                    809,000        2,045,000        2,854,000              0
 12/96    Portland/Division Street                   989,000        2,499,000        3,488,000              0
 12/96    Napa/Industrial Way                        660,000        1,666,000        2,326,000              0
 12/96    Wheatridge/W. 44th Avenue II             1,439,000        3,636,000        5,075,000              0
 12/96    Las Vegas/Charleston II                  1,049,000        2,651,000        3,700,000              0
 12/96    Las Vegas/South Arvill                     929,000        2,348,000        3,277,000              0
 12/96    Los Angeles/Santa Monica II              3,328,000        8,407,000       11,735,000              0
 12/96    Warren/Schoenherr Rd.                      749,000        1,894,000        2,643,000              0
 12/96    Portland/N.E. 71st Avenue                  869,000        2,196,000        3,065,000              0
 12/96    Seattle/Pacific Hwy. South                 689,000        1,742,000        2,431,000              0
 12/96    Broadview/S. 25th Avenue                 1,289,000        3,257,000        4,546,000              0
 12/96    Winter Springs/W. St. Rte 434              689,000        1,742,000        2,431,000              0
 12/96    Tampa/15th Street                          420,000        1,060,000        1,480,000              0
 12/96    Pompano Beach/S. Dixie Hwy.                930,000        2,292,000        3,222,000              0
 12/96    Overland Park/Mastin                       990,000        2,440,000        3,430,000              0
 12/96    Nashville/Dickerson Pike                   990,000        2,440,000        3,430,000              0
 12/96    Madison/Gallatin Road                      780,000        1,922,000        2,702,000              0
 12/96    Auburn/R Street S.E.                       690,000        1,700,000        2,390,000              0
 12/96    Federal Heights/W. 84th Ave.               720,000        1,774,000        2,494,000              0
 12/96    Decatur/Covington II                       930,000        2,292,000        3,222,000              0
 12/96    Forest Park/Jonesboro Rd.                  540,000        1,331,000        1,871,000              0
 12/96    Mangonia Park/Australian Ave.              840,000        2,070,000        2,910,000              0
 12/96    Whittier/Colima                            540,000        1,331,000        1,871,000              0
 12/96    Kent/Pacific Hwy South                     930,000        2,292,000        3,222,000              0
 12/96    Topeka/8th Street                          150,000          370,000          520,000              0
 12/96    Denver/E. Evans                          1,740,000        4,288,000        6,028,000              0
 12/96    Pittsburgh/California Ave.                 630,000        1,552,000        2,182,000              0
 12/96    Ft. Lauderdale/Powerline                   660,000        1,626,000        2,286,000              0
 12/96    Philadelphia/Oxford                        900,000        2,218,000        3,118,000              0
 12/96    Dallas/Lemmon Ave. (arlington)           1,710,000        4,214,000        5,924,000              0
                                      F-32
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
 12/96    Eagle Rock/Colorado                        330,000          813,000        1,143,000              0
 12/96    Alsip/115th Street                         750,000        1,848,000        2,598,000              0
 12/96    Green Acres/Jog Road                       600,000        1,479,000        2,079,000              0
 12/96    Pompano Beach/Sample Road                1,320,000        3,253,000        4,573,000              0
 12/96    Wyndmoor/Ivy Hill                        2,160,000        5,323,000        7,483,000              0
 12/96    W. Palm Beach/Belvedere                    960,000        2,366,000        3,326,000              0
 12/96    Renton  174th St.                          960,000        2,366,000        3,326,000              0
 12/96    Sacramento/Northgate                     1,021,000        2,647,000        3,668,000              0
 12/96    Phoenix/19th Avenue                        991,000        2,569,000        3,560,000              0
 12/96    Bedford Park/Cicero                      1,321,000        3,426,000        4,747,000              0
 12/96    Lake Worth/Lk Worth                      1,111,000        2,880,000        3,991,000              0
 12/96    Arlington/Algonquin                        991,000        2,569,000        3,560,000              0
 12/96    Seattle/15th Avenue NE                     781,000        2,024,000        2,805,000              0
 12/96    Southington/Spring                         811,000        2,102,000        2,913,000              0
 12/96    Clifton/Broad Street                     1,411,000        3,659,000        5,070,000              0
 12/96    Hillside/Glenwood A&B                      563,000        4,072,000        4,635,000         47,000
  1/83    Colorado Springs/Platte                    409,000        1,223,000        1,632,000        607,000
  5/83    Colorado Springs/Delta Drive                67,000          636,000          703,000        316,000
 12/82    Portland/Halsey                            357,000          743,000        1,100,000        369,000
 12/82    Sacto/Folsom                               396,000          883,000        1,279,000        418,000
  1/83    Semoran/Extra                              442,000        2,181,000        2,623,000      1,116,000
  3/83    Blackwood/Peters Lane                      213,000        1,823,000        2,036,000        910,000
 10/83    Orlando J. Y. Parkway                      383,000        1,876,000        2,259,000        907,000
  9/83    Southington/Spring St.                     124,000        1,574,000        1,698,000        747,000
  4/83    Vails Gate                                 103,000        1,284,000        1,387,000        624,000
  6/83    Ventura/Walker                             658,000        1,942,000        2,600,000        961,000
  9/83    Southhampton/Jaymor                        331,000        2,361,000        2,692,000      1,151,000
  9/83    Webster/Keystone (Gulf Fwy)                449,000        2,499,000        2,948,000      1,103,000
  9/83    Dover/Jefferic                             107,000        1,894,000        2,001,000        891,000
  9/83    New Castle/New Churchmans                  227,000        2,636,000        2,863,000      1,284,000
  9/83    Newark/Bellevue Road                       208,000        2,369,000        2,577,000      1,142,000
  9/83    Langhorne/S Flowers Mill                   263,000        4,069,000        4,332,000      1,985,000
  8/83    Hobart/Ridge Road                          215,000        1,875,000        2,090,000        889,000
  9/83    Ft. Wayne/W. Coliseum                      160,000        1,563,000        1,723,000        759,000
  9/83    Ft. Wayne/Bluffton Rd.                      88,000          840,000          928,000        400,000
 11/83    Webster/Nasa Road 1                      1,570,000        3,712,000        5,282,000      1,872,000
 11/83    Aurora/Hanover Way                         505,000        1,026,000        1,531,000        482,000
 11/83    Campbell/Salmar Avenue                   1,379,000        1,242,000        2,621,000        576,000
 11/83    CO Springs/Edison  (Coulter)               471,000        1,773,000        2,244,000        864,000
 11/83    CO Springs/Mt View  (Coulter)              320,000        1,224,000        1,544,000        617,000
                                      F-33
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
 11/83    Thorton (Coulter)/ York St.                418,000        1,529,000        1,947,000        759,000
 11/83    Okla. City   (Coulter)/Reno Ave.           454,000        1,747,000        2,201,000        855,000
 11/83    Tucson (Coulter)/N Romero Av               343,000        1,320,000        1,663,000        606,000
 12/83    Charlotte/South Blvd.                      165,000        1,613,000        1,778,000        798,000
 12/83    Greensboro/Market St. I                    214,000        2,093,000        2,307,000      1,085,000
 12/83    Greensboro/Electra Dr.                     112,000        1,117,000        1,229,000        556,000
  1/83    Raleigh/Yonkers                            203,000        1,239,000        1,442,000        614,000
 12/83    Columbia/Broad River                       171,000        1,766,000        1,937,000        889,000
 12/83    Richmond/Jeff. Davis Hwy.                  176,000        1,685,000        1,861,000        847,000
 12/83    Augusta/Crescent Dr.                        97,000          970,000        1,067,000        484,000
  4/84    N. Providence/Mineral Spring                92,000        1,380,000        1,472,000        685,000
  1/85    Cranston/Freeway Dr.                       175,000          986,000        1,161,000        482,000
  3/84    Marrietta/S. Cobb Drive                     73,000          762,000          835,000        354,000
  1/84    Fremont/Albrae                             636,000        2,094,000        2,730,000      1,066,000
 12/83    Tacoma/24th St. W                          553,000        1,549,000        2,102,000        757,000
  1/84    Belton/S. 71 Highway                       175,000        1,276,000        1,451,000        610,000
  1/84    Gladstone/N. Oak Trafficway                275,000        2,146,000        2,421,000      1,062,000
  1/84    Kansas City/E. 112th St. Terr.             257,000        2,242,000        2,499,000      1,099,000
  1/84    Kansas City/Holmes                         289,000        1,569,000        1,858,000        779,000
  1/84    Independence/E. 31st Street                221,000        2,142,000        2,363,000      1,070,000
  1/84    Merriam/W. Frontage                        255,000        1,782,000        2,037,000        858,000
  1/84    Olathe/E. Spruce                           107,000        1,234,000        1,341,000        607,000
  1/84    Shawnee/W. 63rd Street                     205,000        1,777,000        1,982,000        860,000
  1/84    Topeka/SW 41st Street                       75,000        1,245,000        1,320,000        617,000
  2/84    Knoxville/Unicorn                          662,000        2,268,000        2,930,000      1,132,000
  2/84    Knoxville/Central                          449,000        1,506,000        1,955,000        761,000
  3/84    Manassas/Balls Ford Road                   320,000        1,916,000        2,236,000        947,000
  3/84    Pico Rivera/Bermudez                       743,000        1,124,000        1,867,000        560,000
  5/84    Raleigh/Departure Dr.                      302,000        2,884,000        3,186,000      1,423,000
  4/84    Milwaukie/Oregon McLoughlin                289,000          812,000        1,101,000        397,000
  7/84    Trevose/Old Lincoln Hwy.                   421,000        2,108,000        2,529,000      1,001,000
  5/84    Virginia Beach/S. Independence             509,000        2,728,000        3,237,000      1,315,000
  5/84    Philadelphia/Grant Ave.                  1,041,000        3,712,000        4,753,000      1,867,000
  6/84    Lorton/Richmond Hwy.                       435,000        2,532,000        2,967,000      1,235,000
  6/84    Baltimore/Shannon Drive                    382,000        2,344,000        2,726,000      1,150,000
  6/84    Laurel/Bowie Drive                         501,000        2,994,000        3,495,000      1,429,000
  6/84    Delran/Route 130                           279,000        1,707,000        1,986,000        846,000
  5/84    Garland/W. Kingsley II                     356,000          985,000        1,341,000        490,000
  6/84    Orlando/45th Street                        226,000        1,099,000        1,325,000        547,000
  6/84    Safe Place Cincinnati/Mt Carmel            402,000        1,990,000        2,392,000        946,000
                                      F-34
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  6/84    Safe Place Florence/Industrial R           185,000        1,051,000        1,236,000        494,000
  8/84    Medley/NW South River Drive                584,000        1,281,000        1,865,000        633,000
  8/84    Oklahoma City/W Reno II                    340,000        1,656,000        1,996,000        811,000
  8/84    Newport News/Jefferson Av II               356,000        2,841,000        3,197,000      1,381,000
  8/84    Kaplan (Irving/East Airport)               677,000        1,923,000        2,600,000        932,000
  8/84    Kaplan (Dallas/Walnut Hill)                971,000        2,845,000        3,816,000      1,383,000
  9/84    Dallas/Cockrell Hill                       380,000        1,885,000        2,265,000        885,000
 11/84    Omaha/S. 86th St.                          109,000        1,173,000        1,282,000        576,000
 11/84    Manchester/South Willow                    164,000        1,847,000        2,011,000        885,000
 12/84    Austin (Ben White)                         325,000          656,000          981,000        313,000
 12/84    Austin (Lamar)                             643,000        1,237,000        1,880,000        592,000
 12/84    Pompano Beach/SW 2nd St.                   399,000        1,821,000        2,220,000        851,000
 12/84    Fort Worth/Hemphill                        122,000          928,000        1,050,000        429,000
 11/84    Hialeah/Red Road                           886,000        1,981,000        2,867,000        952,000
 12/84    Montgomeryville/Route 309                  215,000        2,336,000        2,551,000      1,113,000
  1/85    Bossier City/Gould Street                  184,000        1,800,000        1,984,000        861,000
  2/85    Simi Valley                                737,000        1,641,000        2,378,000        760,000
  3/85    Chattanooga/Pryor Drive                    202,000        1,857,000        2,059,000        858,000
  2/85    Hurst/Hurst                                231,000        1,387,000        1,618,000        651,000
  3/85    Portland/92nd Avenue                       285,000        1,128,000        1,413,000        543,000
  5/85    Longwood/Hwy 17-92                         355,000        1,855,000        2,210,000        864,000
  3/85    Fern Park I/US Hwy 17-92                   144,000        1,277,000        1,421,000        595,000
  3/85    Fairfield/Dixie Hwy II                     338,000        1,522,000        1,860,000        697,000
  4/85    Laguna Hills/El Pacifico                 1,224,000        3,633,000        4,857,000      1,694,000
  7/85    Columbus (Morse Rd.)                       195,000        1,668,000        1,863,000        771,000
  7/85    Columbus (Kenny Rd.)                       199,000        1,721,000        1,920,000        779,000
  5/85    Columbus (Busch Blvd.)                     202,000        1,760,000        1,962,000        810,000
  5/85    Columbus (Kinnear Rd.)                     241,000        2,052,000        2,293,000        945,000
  6/85    Grove City/ Marlane Drive                  150,000        1,356,000        1,506,000        604,000
  6/85    Reynoldsburg/Gender Road                   204,000        1,753,000        1,957,000        815,000
  5/85    Worthington/Billingsley Rd                 221,000        2,029,000        2,250,000        923,000
  7/85    Westerville/Westerville Rd.                199,000        1,767,000        1,966,000        785,000
  5/85    Upper Arlington/Arl. Ctr. Blvd.            201,000        1,716,000        1,917,000        776,000
  7/85    Springfield/W. Leffel                       90,000          841,000          931,000        383,000
  7/85    Dayton (Needmore Road)                     144,000        1,361,000        1,505,000        627,000
  7/85    Dayton (Executive Blvd.)                   160,000        1,470,000        1,630,000        664,000
  7/85    Lilburn/Indian Trail                       331,000        1,113,000        1,444,000        501,000
  4/85    Austin/ S. First                           778,000        1,464,000        2,242,000        677,000
  4/85    Cincinnati/ E. Kemper                      232,000        1,826,000        2,058,000        819,000
  4/85    Cincinnati/ Colerain                       253,000        1,999,000        2,252,000        906,000
                                      F-35
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  4/85    Florence/ Tanner Lane                      218,000        1,754,000        1,972,000        777,000
  5/85    Tacoma/ Phillips Rd. SW                    396,000        1,392,000        1,788,000        625,000
  5/85    Portland/ Mcloughlin II                    458,000        1,027,000        1,485,000        459,000
  7/85    San Diego/ Kearny Mesa Rd                  783,000        2,073,000        2,856,000        943,000
  5/85    Manchester/ S. Willow II                   371,000        1,906,000        2,277,000        883,000
  6/85    N. Hollywood/ Raymer                       967,000        1,100,000        2,067,000        502,000
  7/85    Scottsdale/ 70th St                        632,000        1,576,000        2,208,000        704,000
  7/85    Concord/ Hwy 29                            150,000          953,000        1,103,000        421,000
 10/85    N. Hollywood/ Whitsett                   1,524,000        2,884,000        4,408,000      1,253,000
 10/85    Portland/ SE 82nd St                       354,000          734,000        1,088,000        332,000
  9/85    Madison/ Copps Ave.                        450,000        1,469,000        1,919,000        662,000
  9/85    Columbus/ Sinclair                         307,000        1,032,000        1,339,000        456,000
  9/85    Philadelphia/ Tacony St                    118,000        1,955,000        2,073,000        871,000
 10/85    Perrysburg/ Helen Dr.                      110,000        1,428,000        1,538,000        637,000
 10/85    Columbus/ Ambleside                        124,000        1,342,000        1,466,000        602,000
 10/85    Indianapolis/ Pike Plaza                   229,000        1,721,000        1,950,000        760,000
 10/85    Indianapolis/ Elmwood Ave                  198,000        1,513,000        1,711,000        653,000
 10/85    East Hartford/ Roberts                     219,000        1,809,000        2,028,000        772,000
 10/85    Wichita/ S. Rock Rd.                       642,000        1,279,000        1,921,000        585,000
 10/85    Wichita/ E. Harry                          313,000          976,000        1,289,000        435,000
 10/85    Wichita/ S. Woodlawn                       263,000          816,000        1,079,000        354,000
 10/85    Wichita/ E. Kellogg                        185,000          534,000          719,000        238,000
 10/85    Wichita/ S. Tyler                          294,000        1,019,000        1,313,000        451,000
 10/85    Wichita/ W. Maple                          234,000          632,000          866,000        280,000
 10/85    Wichita/W. Carey Lane                      192,000          551,000          743,000        246,000
 10/85    Wichita/ E. Macarthur                      220,000          593,000          813,000        272,000
 10/85    Joplin/ S. Range Line                      264,000          849,000        1,113,000        386,000
 12/85    Milpitas/Pecten Ct.                      1,623,000        1,858,000        3,481,000        796,000
 12/85    Pleasanton/ Santa Rita                   1,226,000        2,369,000        3,595,000      1,002,000
  7/88    Fort Wayne/Illinois Rd.                    101,000        1,531,000        1,632,000        521,000
 10/85    San Antonio/ Wetmore Rd.                   306,000        1,418,000        1,724,000        613,000
 10/85    San Antonio/ Callaghan                     288,000        1,303,000        1,591,000        563,000
 10/85    San Antonio/ Zarzamora                     364,000        1,616,000        1,980,000        693,000
 10/85    San Antonio/ Hackberry                     388,000        1,678,000        2,066,000        725,000
 10/85    San Antonio/ Fredericksburg                287,000        1,305,000        1,592,000        563,000
 10/85    Dallas/ S. Westmoreland                    474,000        1,771,000        2,245,000        818,000
 10/85    Dallas/ Alvin St.                          359,000        1,353,000        1,712,000        621,000
 10/85    Fort Worth/ W. Beach St.                   356,000        1,334,000        1,690,000        618,000
 10/85    Fort Worth/ E. Seminary                    382,000        1,442,000        1,824,000        662,000
 10/85    Fort Worth/ Cockrell St.                   323,000        1,226,000        1,549,000        567,000
                                      F-36
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
 11/85    Everett/ Evergreen                         706,000        2,619,000        3,325,000      1,234,000
 11/85    Seattle/ Empire Way I                    1,652,000        5,746,000        7,398,000      2,653,000
 12/85    Amherst/ Niagra Falls                      132,000          879,000        1,011,000        415,000
 12/85    Kearns/West Sams Blvd.                     164,000          819,000          983,000        383,000
  3/86    Jacksonville/ Hyde Park                    140,000          682,000          822,000        300,000
 12/85    Whitehall/MacArthur Rd.                    204,000        1,716,000        1,920,000        782,000
  2/86    Costa Mesa/ Pomona                       1,405,000        1,784,000        3,189,000        798,000
 12/85    Brockton/ Main St.                         153,000        1,711,000        1,864,000        797,000
  1/86    Mapleshade/ Rudderow                       362,000        1,975,000        2,337,000        883,000
  1/86    Bordentown/ Groveville                     196,000        1,077,000        1,273,000        480,000
 12/85    Eatontown/Hwy 35                           308,000        4,329,000        4,637,000      1,961,000
  2/86    Brea/Imperial Hwy                        1,069,000        2,418,000        3,487,000      1,108,000
 12/85    Denver/ Leetsdale I                        603,000        1,001,000        1,604,000        457,000
  2/86    Skokie/McCormick                           638,000        2,068,000        2,706,000        909,000
  1/86    Sun Valley/Sheldon                         544,000        2,063,000        2,607,000        910,000
  3/86    St. Louis/ Forder Rd.                      517,000        1,303,000        1,820,000        576,000
  1/86    Las Vegas/ Highland Drive                  432,000        1,024,000        1,456,000        451,000
  5/86    Westlake Village                         1,205,000        1,159,000        2,364,000        500,000
  2/86    Colorado Springs/ Sinton Road              535,000        1,244,000        1,779,000        543,000
  2/86    Oklahoma City/ N. Penn                     146,000          934,000        1,080,000        410,000
  2/86    Oklahoma City/ 39th Expressway             238,000        1,009,000        1,247,000        421,000
  4/86    Reno/ Telegraph Rd.                        649,000        1,382,000        2,031,000        615,000
  7/86    Colorado Springs/ Hollow Tree              574,000          914,000        1,488,000        384,000
  4/86    St. Louis/Kirkham                          199,000        1,085,000        1,284,000        494,000
  4/86    St. Louis/Reavis Barracks Rd.              192,000        1,049,000        1,241,000        476,000
  4/86    Fort Worth/East Loop 820                   196,000          912,000        1,108,000        404,000
  6/86    Richland Hills/Baker Blvd. II              543,000        1,151,000        1,694,000        573,000
  5/86    Sacramento/Franklin Blvd.                  872,000        1,250,000        2,122,000        574,000
  6/86    West Valley/So. 3600 West                  208,000        1,680,000        1,888,000        749,000
  7/86    West LA/Purdue Ave.                      2,415,000        3,660,000        6,075,000      1,627,000
  7/86    Capital Heights/Central Ave.               649,000        3,910,000        4,559,000      1,744,000
 10/86    Fremont/Peralta                            851,000        1,243,000        2,094,000        542,000
  7/86    Pontiac/Dixie Hwy.                         259,000        2,008,000        2,267,000        898,000
  8/86    Laurel/Ft. Meade Rd.                       475,000        1,591,000        2,066,000        701,000
  9/86    Kansas City/S. 44th.                       509,000        2,170,000        2,679,000        981,000
 10/86    Birmingham/Highland 27th Pl.                89,000          832,000          921,000        359,000
 10/86    Birmingham/Riverchase                      262,000        1,595,000        1,857,000        704,000
 10/86    Birmingham/Eastwood Oporto                 166,000        1,286,000        1,452,000        552,000
 10/86    Birmingham/Forestdale Pebble               152,000        1,023,000        1,175,000        445,000
 10/86    Birmingham/Centerpoint Rd.                 265,000        1,422,000        1,687,000        613,000
                                      F-37
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
 10/86    Birmingham/Roebuck Plaza                   101,000          545,000          646,000        221,000
 10/86    Birmingham/Greensprings                    347,000        1,381,000        1,728,000        599,000
 10/86    Birmingham/Hoover-Lorna                    372,000        1,345,000        1,717,000        582,000
 10/86    Midfield/Bessemer Spr. Hwy.                170,000          525,000          695,000        216,000
 10/86    Huntsville/Leeman Ferry Rd.                158,000        1,139,000        1,297,000        503,000
 10/86    Huntsville/Drake Ave.                      253,000        1,293,000        1,546,000        564,000
 10/86    Anniston/Whiteside                          59,000          636,000          695,000        297,000
 10/86    Houston/Glenvista St.                      595,000        1,372,000        1,967,000        552,000
 10/86    Houston/I-45 (North Fwy)                   704,000        1,702,000        2,406,000        688,000
 10/86    Houston/Rogerdale Rd.                    1,631,000        3,035,000        4,666,000      1,324,000
 10/86    Houston/Gessner                          1,032,000        2,236,000        3,268,000        862,000
 10/86    Houston/Richmond-Fairdale                1,502,000        3,224,000        4,726,000      1,276,000
 10/86    Houston/Gulfton                          1,732,000        3,796,000        5,528,000      1,685,000
 10/86    Houston/Westpark                           503,000          927,000        1,430,000        407,000
 10/86    Jonesboro/Jonesboro Road                   157,000          841,000          998,000        358,000
  9/86    Lakewood/W. 6th Ave.                     1,070,000        3,584,000        4,654,000      1,532,000
 10/86    Pilgrim/Houston/Loop 610                 1,299,000        4,790,000        6,089,000      1,746,000
 10/86    Pilgrim/Houston/S.W. Freeway               904,000        2,783,000        3,687,000      1,121,000
 10/86    Pilgrim/Houston/FM 1960                    662,000        1,551,000        2,213,000        779,000
 10/86    Pilgrim/Houston/Old Katy Rd.             1,365,000        4,258,000        5,623,000      1,646,000
 10/86    Pilgrim/Houston/Long Point                 451,000        1,617,000        2,068,000        665,000
 10/86    Austin/Research Blvd.                    1,390,000        2,013,000        3,403,000        828,000
 12/86    Lynnwood/196th St. SW                    1,063,000        1,885,000        2,948,000        763,000
 12/86    Auburn/Auburn Way North                    606,000        1,437,000        2,043,000        601,000
 12/86    Gresham/Burnside                           351,000        1,345,000        1,696,000        559,000
 12/86    Denver/Sheridan Blvd.                    1,033,000        3,286,000        4,319,000      1,318,000
 12/86    Marietta/Cobb Pkwy. II                     536,000        3,270,000        3,806,000      1,338,000
 12/86    Hillsboro/Tualatin Hwy.                    461,000          855,000        1,316,000        329,000
 11/86    Arleta/Osborne St.                         987,000          880,000        1,867,000        349,000
  4/87    City of Industry/Amar Rd.                  748,000        2,376,000        3,124,000        606,000
  3/87    Annandale/Ravensworth                      679,000        1,776,000        2,455,000        724,000
  5/87    OK City/W. Hefner                          459,000        1,136,000        1,595,000        453,000
 12/86    San Antonio/W Sunset Rd.                 1,206,000        1,982,000        3,188,000        776,000
  8/86    Hammond/Calumet                             97,000        1,171,000        1,268,000        441,000
  7/86    Portland/Moody St.                         663,000        1,549,000        2,212,000        600,000
  7/87    Oakbrook/Roosevelt Road                    912,000        2,902,000        3,814,000      1,273,000
 10/87    Plantation/S. State Rd.                    924,000        1,796,000        2,720,000        763,000
  2/88    Anaheim/N. Lakeview                        995,000        1,730,000        2,725,000        700,000
  8/87    San Antonio/Austin Hwy.                    400,000          899,000        1,299,000        374,000
 10/87    Rockville/Fredrick Rd.                   1,695,000        3,474,000        5,169,000      1,465,000
                                      F-38
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  1/96    San Antonio, TX/San Pedro                  912,000        2,203,000        3,115,000         81,000
  1/96    San Francisco/ Second St.                2,880,000        6,849,000        9,729,000        252,000
  1/96    San Gabriel                              1,005,000        2,377,000        3,382,000         89,000
  2/96    Naples, FL/Old US 41                       849,000        2,031,000        2,880,000         62,000
  2/96    Lake Worth, FL/S. Military Tr.           1,782,000        4,754,000        6,536,000        131,000
  2/96    Brandon, FL/W Brandon Blvd.              1,928,000        4,574,000        6,502,000        139,000
  2/96    Coral Springs FL/W Sample Rd.            3,480,000        8,180,000       11,660,000        246,000
  2/96    Delray Beach FL/S Military Tr              940,000        2,249,000        3,189,000         69,000
  2/96    Jupiter FL/Military Trail                2,280,000        5,356,000        7,636,000        161,000
  2/96    Lake Worth FL/Lk Worth Rd                  736,000        1,770,000        2,506,000         54,000
  4/96    Naples, FL/Radio Road                    1,187,000        2,823,000        4,010,000         85,000
  2/96    New Port Richey FL/State rd 54             856,000        2,048,000        2,904,000         63,000
  2/96    Pompano Beach FL/ W Copans               1,600,000        3,800,000        5,400,000        116,000
  2/96    Sanford FL/S Orlando Dr                    734,000        1,761,000        2,495,000         54,000
  6/96    Boca Raton FL/Boca Rio Road              3,180,000        7,515,000       10,695,000        127,000
  9/96    Spring Valley/S Pascack rd NY            1,260,000        2,983,000        4,243,000         39,000
  6/96    Venice FL/S. US 41 Bypass                  669,000        1,593,000        2,262,000         32,000
  7/96    Glen Burnie/Furnace Br Rd MD             1,755,000        4,175,000        5,930,000         69,000
 10/96    Virginia Beach/Southern Blvd               282,000          632,000          914,000          4,000
 10/96    Chesapeake/Military Hwy                    912,000        1,995,000        2,907,000         14,000
 10/96    Hampton/Pembroke Road                    1,080,000        2,370,000        3,450,000         17,000
 10/96    Norfolk/Widgeon Road                     1,110,000        2,427,000        3,537,000         17,000
 10/96    Richmond/Bloom Lane                      1,188,000        2,533,000        3,721,000         18,000
 10/96    Richmond/Midlothian Tnpk.                  762,000        1,610,000        2,372,000         11,000
 10/96    Roanoke/Peters Creek Road                  819,000        1,797,000        2,616,000         13,000
 10/96    Orlando/E Oakridge Rd                      927,000        2,058,000        2,985,000         15,000
 10/96    Fern Park/South Hwy 17-92                1,170,000        2,577,000        3,747,000         18,000
 11/96    Bossier City LA/Barksdale                  633,000        1,502,000        2,135,000          5,000
 10/96    Austin/Renelli                           1,710,000        3,990,000        5,700,000         27,000
 10/96    Austin/Santiago                            900,000        2,101,000        3,001,000         14,000
 10/96    Dallas/East N.W. Highway                   698,000        1,634,000        2,332,000         11,000
 10/96    Dallas/Denton Drive                        900,000        2,113,000        3,013,000         14,000
 10/96    Houston/Hempstead                          518,000        1,212,000        1,730,000          8,000
 10/96    Pasadena/So. Shaver                        420,000          986,000        1,406,000          7,000
 12/96    Cherry Hill/Old Cuthbert                   645,000        1,511,000        2,156,000              0
 12/96    Oklahoma City/SW 74th Exprw.               375,000          879,000        1,254,000              0
 12/96    Oklahoma City/S Santa Fe                   360,000          843,000        1,203,000              0
 12/96    Oklahoma City/S. May                       360,000          843,000        1,203,000              0
 12/96    Arlington/S. Watson Rd.                    930,000        2,170,000        3,100,000              0
 12/96    Richardson/E. Arapaho                    1,290,000        3,010,000        4,300,000              0
                                      F-39
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
 10/96    Houston/Joel Wheaton Rd                    465,000        1,085,000        1,550,000          4,000
 10/96    Mt Holly/541 Bypass                        360,000          843,000        1,203,000          3,000
 11/96    Forest Park/I-75 Frontage                  270,000          633,000          903,000          2,000
 11/96    Town East/Mesquite US Hwy 80               330,000          772,000        1,102,000          3,000
  7/95    Artesia/Artesia                            668,000          731,000        1,399,000         49,000
  7/95    Arcadia/Lower Azusa                        878,000          701,000        1,579,000         54,000
  7/95    Dallas/Kingsly IV                        1,171,000          835,000        2,006,000         62,000
  7/95    Manassas/Centreville                       433,000        1,091,000        1,524,000         73,000
  7/95    Los Angeles/San Pedro St.                1,719,000        1,735,000        3,454,000        120,000
  7/95    Bellevue/Northup                         1,317,000        1,644,000        2,961,000        103,000
  7/95    Hollywood/Willoughby                     1,701,000          922,000        2,623,000         65,000
  7/95    Atlanta/John Wesley Dobbs Av             1,319,000          812,000        2,131,000         67,000
  7/95    Montebello/S. Maple Ave                  1,362,000        1,178,000        2,540,000         85,000
  7/95    Lake City/Forest Parkway                   266,000          706,000          972,000         47,000
  7/95    Baltimore/W Patapsco                       430,000        1,355,000        1,785,000         84,000
  7/95    Fraser/Groesbeck Hwy                       393,000          904,000        1,297,000         60,000
  7/95    Vallejo/Mini Drive                         599,000          911,000        1,510,000         66,000
  9/95    Whittier                                   215,000        1,080,000        1,295,000        160,000
  9/95    Van Nuys/Balboa                            295,000        1,839,000        2,134,000        244,000
  9/95    Huntington Beach/McFadden                  176,000        1,100,000        1,276,000        146,000
  9/95    Monterey Park                              124,000        1,163,000        1,287,000        151,000
  9/95    Downey                                     191,000        1,120,000        1,311,000        153,000
  9/95    Walnut B                                    85,000        1,192,000        1,277,000        136,000
  9/95    Stockton                                   151,000        1,035,000        1,186,000        119,000
  9/95    Del Amo                                    474,000        1,887,000        2,361,000        278,000
  9/95    Carson/Del Amo Blvd.                       375,000          829,000        1,204,000         92,000
  9/95    Fresno                                      44,000        1,298,000        1,342,000        123,000
  1/96    Bensenville/York Rd                        667,000        2,135,000        2,802,000         65,000
  1/96    Louisville/Preston Hwy                     211,000        1,409,000        1,620,000         42,000
  1/96    San Jose/Aborn Road                        615,000        1,785,000        2,400,000         55,000
  1/96    Englewood/Federal                          481,000        1,853,000        2,334,000         58,000
  1/96    W. Hollywood/Santa Monica                3,415,000        6,089,000        9,504,000        171,000
  1/96    Orland Hills/W. 159th                      917,000        3,179,000        4,096,000         98,000
  1/96    Merrionette Park/S Kedzie                  818,000        2,687,000        3,505,000         78,000
  1/96    Denver/S Quebec                          1,849,000        2,579,000        4,428,000         74,000
  1/96    Tigard/S.W. Pacific Hwy                    633,000        1,605,000        2,238,000         47,000
  1/96    Coram/Middle Country Road                  507,000        1,893,000        2,400,000         52,000
  1/96    Houston/FM 1960                            635,000        1,719,000        2,354,000         52,000
  1/96    Kent/Military Trail                        409,000        2,219,000        2,628,000         59,000
  1/96    Turnersville/Black Horse Pike              165,000        1,810,000        1,975,000         52,000
                                      F-40
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  1/96    Sewell/Rts. 553                            323,000        1,518,000        1,841,000         44,000
  1/96    Maple Shade/Fellowship Rd.                 331,000        1,888,000        2,219,000         51,000
  1/96    Hyattsville/Kenilworth                     509,000        2,335,000        2,844,000         62,000
  1/96    Waterbury/Captain Neville Dr               434,000        2,776,000        3,210,000         65,000
  1/96    Bedford Hts/Miles Road                     835,000        2,096,000        2,931,000         59,000
  1/96    Livonia/Newburgh                           635,000        1,872,000        2,507,000         51,000
  1/96    Sunland/Sunland Blvd.                      631,000        2,614,000        3,245,000         64,000
  1/96    Des Moines/Des Moines Way                  448,000        1,794,000        2,242,000         51,000
  1/96    Oxonhill/Indianhead Hwy                    772,000        2,680,000        3,452,000         67,000
  1/96    Sacramento/N. 16th                         582,000        3,473,000        4,055,000         76,000
  1/96    Houston/Westheimer II                    1,508,000        3,025,000        4,533,000         81,000
  1/96    San Pablo/San Pablo Ave.                   565,000        1,637,000        2,202,000         42,000
  1/96    Bowie/Woodcliff                            718,000        3,105,000        3,823,000         71,000
  1/96    Milwaukee/S. 84th                          444,000        2,485,000        2,929,000         61,000
  1/96    Clinton/Malcolm Road                       593,000        2,825,000        3,418,000         62,000
  4/96    San Diego/54th & Euclid                    880,000        3,142,000        4,022,000         84,000
  4/96    Miami/5th Street                         2,151,000        3,911,000        6,062,000         89,000
  4/96    Silver Springs/Hillwood                    852,000        2,547,000        3,399,000         66,000
  4/96    Chicago/E. 95th Street                     367,000        2,888,000        3,255,000         81,000
  4/96    Chicago/S. Harlem                          731,000        1,751,000        2,482,000         47,000
  4/96    St. Charles/Highway 94                     576,000        1,847,000        2,423,000         51,000
  4/96    Chicago/Burr Ridge Road                    389,000        2,669,000        3,058,000         76,000
  4/96    St. Louis/Hwy. 141                         609,000        1,993,000        2,602,000         51,000
  4/96    Island Park/Austin                       2,138,000        3,708,000        5,846,000         97,000
  4/96    Yonkers/Route 9A                         1,767,000        4,710,000        6,477,000        113,000
  4/96    Los Angeles/Glendale Blvd.               2,139,000        6,742,000        8,881,000        160,000
  4/96    Akron/Brittain Rd.                         254,000        2,747,000        3,001,000         63,000
  4/96    Chicago/Harlem Ave.                      1,322,000        3,722,000        5,044,000         82,000
  4/96    Bethesda/Butler Road                     1,059,000        3,109,000        4,168,000         64,000
  4/96    Dundalk/Wise Avenue                        413,000        2,442,000        2,855,000         46,000
  4/96    Chicago/Pulaski                            764,000        1,906,000        2,670,000          6,000
  4/96    Las Vegas/Desert Inn                     1,115,000        2,738,000        3,853,000          9,000
  4/96    Torrance/Crenshaw                          916,000        2,247,000        3,163,000          7,000
  4/96    Weymouth, WA state                         485,000        1,193,000        1,678,000          4,000
  4/96    St. Louis/Barrett Station Road             630,000        1,552,000        2,182,000          5,000
  4/96    Rockville/Randolph                       1,153,000        2,823,000        3,976,000          9,000
  4/96    Simi Valley/Easy Street                    970,000        2,377,000        3,347,000          8,000
  4/96    Houston/Galleria                         1,390,000        3,426,000        4,816,000         11,000
  3/96    Sandy Springs/Roswell                      898,000        3,670,000        4,568,000        110,000
  7/96    Lakewood/W Hampden CO                      717,000        2,119,000        2,836,000         35,000
                                      F-41
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
          MINI-WAREHOUSES
<S>      <C>                                       <C>             <C>              <C>             <C>
  8/96    Norcross/Holcomb Bridge Rd                 955,000        3,133,000        4,088,000         41,000
 12/96    Lake Forest/Cooks Bay Dr                   971,000        2,475,000        3,446,000              0

          COMMERCIAL PROPERTIES

 12/81    South Houston/So. Shaver                   354,000        2,161,000        2,515,000      1,285,000
  5/94    Monterey Park                            2,700,000        6,440,000        9,140,000        707,000
  6/95    Cerritos/Edwards Road                      516,000        1,369,000        1,885,000         96,000
  6/95    Milwaukie II/SE Intl Way                   411,000        1,132,000        1,543,000         73,000
  6/95    Renton/Rainier                             295,000          716,000        1,011,000         42,000
  9/96    San Diego/Lusk                           1,522,000        3,679,000        5,201,000          7,000
  9/96    Alexandria/Eisenhower                    1,463,000        3,660,000        5,123,000          7,000
  9/96    Torrance/Crenshaw                          457,000        1,141,000        1,598,000          2,000
 11/95    Camarillo/Ventura Blvd                     180,000          435,000          615,000         15,000
  3/96    San Jose, CA                             3,458,000        8,714,000       12,172,000        234,000
 12/83    Signal Hill/Bus. Park                    1,195,000        3,333,000        4,528,000      1,532,000
 12/83    Lakewood                                 2,513,000        6,242,000        8,755,000      3,580,000
  3/84    Austin                                   4,321,000        9,315,000       13,636,000      4,880,000
  3/85    Pacific Scene                            1,536,000        7,991,000        9,527,000      4,094,000
  7/85    Timberway                                2,221,000       15,279,000       17,500,000      7,591,000
 10/85    One Park Ten                             2,365,000        9,699,000       12,064,000      4,108,000
 10/85    Park Terrace                               943,000        3,558,000        4,501,000      2,280,000
  2/86    San Diego/ Knoll Mission                 1,967,000        8,934,000       10,901,000      4,521,000
  3/86    Fox Hills/ Culver City                   7,544,000       15,045,000       22,589,000      7,486,000
  3/86    Tempe/University (Silvergate)            4,201,000        7,427,000       11,628,000      3,898,000
  5/86    Signal Hill/Parkway                      2,463,000        5,856,000        8,319,000      2,740,000
  7/86    Mesa West Commercial Plaza               1,333,000        3,730,000        5,063,000      1,802,000
  7/86    University Corp. Center                  1,419,000        4,025,000        5,444,000      1,900,000
  5/87    Carson/Leapwood                          2,535,000        3,785,000        6,320,000      1,808,000
 10/96    La Prada                                   495,000        1,155,000        1,650,000          4,000
 10/96    Eastgate/NW Highway                        480,000        1,140,000        1,620,000          4,000
 10/96    Quail Valley                               360,000          846,000        1,206,000          3,000
 11/96    Downtn Business Ctr/Nashville              660,000        1,540,000        2,200,000          5,000
 11/96    Airport South/Nashville                    660,000        1,540,000        2,200,000          5,000
 11/96    Woodbridge/Business Ctr Rd               1,350,000        3,150,000        4,500,000         10,000
 12/96    Broken Arrow/W Concorde Cir                840,000        1,960,000        2,800,000              0
 10/96    Little Rock/John Barrow Road               780,000        1,826,000        2,606,000          6,000
 10/96    Tulsa/S. Peoria                            375,000          875,000        1,250,000          3,000
  2/96    12345 Ventura Bl., Studio City             916,000        2,511,000        3,427,000         62,000
                                      F-42
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                              PUBLIC STORAGE, INC.
                           SCHEDULE III - REAL ESTATE
                          AND ACCUMULATED DEPRECIATION

                                             
                                             
                                             
                                                           Gross Carrying Amount
  Date                                                      At December 31, 1996                 Accumulated
 Acquired            Description                     Land          Buildings          Total     Depreciation
 -----------------------------------------------------------------------------------------------------------
<S>      <C>                                       <C>             <C>              <C>             <C>
  2/95    Milwaukie/40th Street                      600,000        1,476,000        2,076,000         40,000

          OTHER PROPERTIES

  1/96    Glendale/Western Avenue                  1,622,000        6,173,000        7,795,000        408,000
          Construction in Progress                                 35,815,000       35,815,000              0
          Vacant Land                              1,306,000                         1,306,000              0
          Other Encumbrances                 
                                              =============== ================ ================ ==============
                                                $596,141,000   $1,625,172,000   $2,221,313,000   $297,655,000
                                              =============== ================ ================ ==============

                                       F-43
</TABLE>