<ARTICLE> 5 <CIK> 0000318380 <NAME> PUBLIC STORAGE, INC. <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-START> Jan-01-1997 <PERIOD-END> Mar-31-1997 <EXCHANGE-RATE> 1 <CASH> 125,436,000 <SECURITIES> 0 <RECEIVABLES> 24,745,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 150,181,000 <PP&E> 2,247,344,000 <DEPRECIATION> (315,153,000) <TOTAL-ASSETS> 2,681,307 <CURRENT-LIABILITIES> 39,993,000 <BONDS> 107,909,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 833,209,000 <COMMON> 10,005,000 <OTHER-SE> 1,579,656,000 <TOTAL-LIABILITY-AND-EQUITY> 2,681,307,000 <SALES> 0 <TOTAL-REVENUES> 101,259,000 <CGS> 0 <TOTAL-COSTS> 33,491,000 <OTHER-EXPENSES> 21,406,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,597,000 <INCOME-PRETAX> 42,318,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 42,318,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 42,318,000 <EPS-PRIMARY> .26 <EPS-DILUTED> .26