Joint News Release

   Public Storage Properties XVII, Inc.
   Public Storage, Inc.
   701 Western Avenue
   P.O. Box 25050
   Glendale, CA  91221-5050


                                 For Release:    Immediately
                                 Date:           April 9, 1997
                                 Contact:        Mr. Harvey Lenkin
                                                 (818) 244-8080
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   GLENDALE, California--Public Storage Properties XVII, Inc. (AMEX:PSV)
   and Public Storage, Inc. announced today that the corporations agreed,
   subject to certain conditions, to merge.  In the merger, PSV would be
   merged with and into PSA, and each outstanding share of PSV's Common
   Stock Series A would be converted, at the election of the shareholders
   of PSV, into either shares of PSA Common Stock or, with respect to up
   to 20% of the PSV Common Stock, $19.63 in cash.  This dollar amount has
   been based on PSV's estimated net asset value (the appraised value of
   PSV's real estate assets as of March 17, 1997 and the estimated book
   value of PSV's other net assets as of June 30, 1997).  The number of
   shares of PSA Common Stock will be based on dividing this same dollar
   amount by the average of the per-share closing prices on the New York
   Stock Exchange for a specified period prior to PSV's shareholders'
   meeting.  The number of shares of PSA's Common Stock issued in the
   merger and the amount receivable upon a cash election will be reduced
   by the amount of cash distributions required to be paid to PSV's
   shareholders by PSV prior to completion of the merger in order to
   satisfy PSV's REIT distribution requirements.  Additional distributions
   would be made to shareholders of PSV to cause PSV's estimated net asset
   value as of the effective date of the merger to be substantially
   equivalent to $19.63 per share.  The merger is conditioned on, among
   other requirements, approval by PSA's board of directors, receipt of a
   satisfactory fairness opinion by PSV and approval by the shareholders of
   PSV.  It is expected that any merger would close during the second half
   of 1997.

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