|   | [X]  Annual      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 |
|--------|---------------------------------------------------------------------------------------------------------------|

|   | For      the fiscal year ended December 31,2008. |
|--------|--------------------------------------------------|

|   | 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:     0-08667 |
|--------|--------------------------------------------------------------|

|   | PUBLIC STORAGE      PROPERTIES, LTD. |
|--------|--------------------------------------|

|   | (Exact      name of Registrant as specified in itscharter) |
|--------|------------------------------------------------------------|

| California                                    | 95-3196921                  |
|-----------------------------------------------|-----------------------------|
| (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: | NONE |
|------------------------------------------------------------------|------|

|   | Securities      registered pursuant to Section 12(g) of theAct: |
|--------|-----------------------------------------------------------------|

| Units      of Limited Partnership Interest |
|--------------------------------------------|
| (Title      of class)                      |

| [X]  Yes | [   ]  No |
|--------------------|------------------------------------|

| [X]  Yes | [   ]  No |
|--------------------|------------------------------------|

|  [X]  Yes | [   ]  No |
|--------------------------|------------------------------------|

| [X]  Yes | [   ]  No |
|--------------------|------------------------------------|

----

| Large      Accelerated Filer [  ] | Accelerated      Filer [  ] | Non-accelerated      Filer [X] | Smaller      Reporting Company [  ] |
|---------------------------------------------|---------------------------------------|--------------------------------|-----------------------------------------------|

----

----

|                                     | PUBLIC      STORAGE PROPERTIES, LTD.  |
|------------------------------------------|---------------------------------------|
|                                     | a      California Limited Partnership |
| Dated:  November      24, 2009 | By:                                   | Public      Storage, General Partner |
|                                     |                                  |   |
|                                     |                                  | By: | /s/      Ronald L. Havner, Jr. |
|                                     |                                  |   | Ronald      L. Havner, Jr., Vice Chairman of the Board, Chief Executive Officer and      President of Public Storage, Corporate General  Partner |

----

| 31.1   |                                                         Rule 13a - 14(a) Certification.  Filed  herewith. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2   |                                                         Rule 13a - 14(a) Certification.  Filed  herewith. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|