SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                               (Amendment No. 1)

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934

For the fiscal year ended December 31, 2005 or
                          -----------------

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from                   to                  .
                               -----------------    -----------------

Commission File Number:     1-8389
                            ------
                              PUBLIC STORAGE, INC.
                              --------------------
             (Exact name of Registrant as specified in its charter)

                    California                              95-3551121
--------------------------------------------------    -----------------------
     ( State or other jurisdiction of                   (I.R.S. Employer
       incorporation or organization)                  Identification Number)
     701 Western Avenue, Glendale, California               91201-2349
--------------------------------------------------    -----------------------
     (Address of principal executive offices)               (Zip Code)

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

Securities registered pursuant to Section 12(b) of the Act:
<TABLE>
<CAPTION>

                                                                                          Name of each exchange
                                Title of each class                                        on which registered
---------------------------------------------------------------------------             ------------------------
<S>                                                                                      <C>
Depositary Shares Each Representing 1/1,000 of a Share of 8.000% Cumulative
     Preferred Stock, Series R, $.01 par value..................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 7.875% Cumulative
     Preferred Stock, Series S, $.01 par value..................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 7.625% Cumulative
     Preferred Stock, Series T, $.01 par value..................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 7.625% Cumulative
     Preferred Stock, Series U, $.01 par value..................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 7.500% Cumulative
     Preferred Stock, Series V $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.500% Cumulative
     Preferred Stock, Series W $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.450% Cumulative
     Preferred Stock, Series X $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.250% Cumulative
     Preferred Stock, Series Z $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.125% Cumulative
     Preferred Stock, Series A $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 7.125% Cumulative
     Preferred Stock, Series B $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.600% Cumulative
     Preferred Stock, Series C $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.180% Cumulative
     Preferred Stock, Series D $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.750% Cumulative
     Preferred Stock, Series E $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.450% Cumulative
     Preferred Stock, Series F $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 7.000% Cumulative
     Preferred Stock, Series G $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of 6.950% Cumulative
     Preferred Stock, Series H $.01 par value...................................         New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a Share of Equity Stock, Series A,
     $.01 par value.............................................................         New York Stock Exchange
Common Stock, $.10 par value....................................................         New York Stock Exchange,
                                                                                             Pacific Exchange
</TABLE>
                                       1

<PAGE>

Securities registered pursuant to Section 12(g) of the Act:  NONE

Indicate by check mark if the  registrant is a well-known  seasoned  issuer,  as
defined in Rule 405 of the Securities Act. Yes [X] No [ ]

Indicate  by  check  mark if the  registrant  is not  required  to file  reports
pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes [ ] No [X]

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer or a  non-accelerated  filer (as defined in Rule 12b-2 of the
Exchange Act). Large Accelerated Filer [X] Accelerated Filer [ ] Non-accelerated
Filer [ ]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

The  aggregate  market value of the voting and  non-voting  common stock held by
non-affiliates of the Registrant as of June 30, 2005:

Common  Stock,  $0.10  Par  Value -  $5,146,400,000  (computed  on the  basis of
$63.25per  share  which was the  reported  closing  sale price of the  Company's
Common Stock on the New York Stock Exchange on June 30, 2005).

Depositary Shares Each Representing  1/1,000 of a Share of Equity Stock,  Series
A,  $.01 Par Value -  $209,493,000  (computed  on the basis of $28.35  per share
which  was the  reported  closing  sale  price  of the  Depositary  Shares  each
Representing  1/1,000 of a Share of Equity Stock, Series A on the New York Stock
Exchange on June 30, 2005).

The number of shares outstanding of the registrant's  classes of common stock as
of March 14, 2006:

Common Stock, $.10 Par Value - 129,306,139 shares

Depositary Shares Each Representing 1/1,000 of a Share of Equity Stock, Series
A, $.01 Par Value - 8,744,193 depositary shares (representing 8,744.193 shares
of Equity Stock, Series A)

                       DOCUMENTS INCORPORATED BY REFERENCE

None.

                                       2
<PAGE>

                                EXPLANATORY NOTE

We are filing  this  Amendment  No. 1 to our Form 10-K for the fiscal year ended
December 31, 2005 ("2005 10-K") to correct a typographical  error in Exhibit 23,
Consent of  Independent  Registered  Public  Accounting  Firm,  relating  to the
registration  statements covered by the incorporation by reference. In addition,
as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), new certifications by our principal  executive officer and
principal financial officer are also filed as exhibits.

For  purposes of this Form 10K/A and in  accordance  with Rule 12b-15  under the
Exchange  Act,  Exhibit 23 is amended  and  restated in its  entirety.  No other
information  contained  in the  original  filing  is  amended  hereby,  and this
Amendment  does not reflect events  occurring  after March 15, 2006, the date of
the original filing,  or modify or update any other  disclosures in the original
2005 10-K.

                                       3

<PAGE>

                              PUBLIC STORAGE, INC.

                              INDEX TO EXHIBITS(1)

                           (Items 15(a)(3) and 15(c))

23       Consent of Independent Auditors.  Filed herewith.

31.1     Certification  pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002. Filed herewith.

31.2     Certification  pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002. Filed herewith.

32       Certification  pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002. Filed herewith.

(1)  SEC File No. 001-08389 unless otherwise indicated.

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<PAGE>

                                   SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                                                     PUBLIC STORAGE, INC.

Dated: March 23, 2006

                                                    By:/s/ John Reyes
                                                       -------------------
                                                       John Reyes
                                                       Chief Financial Officer
                                                       and Senior Vice President