SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                   FORM 8-K

              Current Report Pursuant to Section 13 or 15(d) of
                     The Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported)   May 22, 1995
                                                        --------------

                             Storage Equities, Inc.
                             ----------------------
            (Exact name of registrant as specified in its charter)

         California                   1-8389           95-3551121
         ----------                   ------           ----------
      (State or other juris-       (Commission       (IRS Employer
      diction of incorporation)    File Number)    Identification No.)

      600 North Brand Boulevard, Glendale, California      91203-1241
      -----------------------------------------------      ----------
         (Address of principal executive office)           (Zip Code)

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

                                   N/A
                                  -----
        (Former name or former address, if changed since last report)

   Item 5.   Other Events
             ------------

             On August 4, 1994, the Securities and Exchange Commission
   declared effective the Registration Statement on Form S-3 (No. 33-54755)
   of Storage Equities, Inc. (the "Company"), which together with the
   securities previously registered pursuant to the Company's Registration
   Statement on Form S-3 (No. 33-71336), permits the Company to issue an
   aggregate of $300,000,000 of preferred stock, common stock and warrants.

   Item 7.   Financial Statements and Exhibits
             ---------------------------------

             (c)  Exhibits.

             Exhibit 1.1 - Form of U.S. Underwriting Agreement.

             Exhibit 1.2 - Form of International Underwriting Agreement.


                               SIGNATURES

             Pursuant to the requirements of the Securities Exchange
   Act of 1934, the Registrant has duly caused this report to be
   signed on its behalf by the undersigned hereunto duly authorized.

                                      STORAGE EQUITIES, INC.

                                      By: /S/ OBREN B. GERICH
                                          -------------------
                                          Obren B. Gerich
                                          Vice President

   Date:  May 22, 1995