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                       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                                          March 14, 1997
(Date of earliest event reported)                               (March 11, 1997)




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


          Tennessee                      001-12190               62-1251239
(State or other jurisdiction            (Commission            (IRS Employer
      of incorporation)                 File Number)         Identification No.)



                         10440 Little Patuxent Parkway,
                                   Suite 1100,
                            Columbia, Maryland 21044
                            (Address and zip code of
                          principal executive offices)




       Registrant's telephone number, including area code: (410) 730-9500


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Item 5.  Other Events

         Registrant  has entered into an  Underwriting  Agreement  with Goldman,
Sachs & Co. in connection  with the sale of 1.4 million  shares of  Registrant's
common stock (the  "Offering")  pursuant to Registrant's  Prospectus  Supplement
dated as of March 11, 1997, to a Prospectus dated February 26, 1997, included as
part the  Registration  Statement  on Form S-3 (No.  333- 21991)  filed with the
Commission on February 19, 1997.  Pursuant to the  Underwriting  Agreement,  the
Company has granted  Goldman,  Sachs & Co. a 30-day  option to purchase up to an
aggregate  of  210,000   additional   shares  to  cover   over-allotments.   The
Underwriting Agreement is attached hereto as Exhibit 1.



Item 7.  Financial Statements, ProForma Financial Information and Exhibits

         (c) Exhibits.

         The following exhibits are filed herewith:

         Exhibit      Description
         -------      -----------

         1            Underwriting Agreement and related Pricing Agreement,
                      dated March 11, 1997, between Registrant, SUSA
                      Partnership, L.P. and Goldman, Sachs & Co.

         8            Opinion of Hunton & Williams, dated March 14, 1997



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                                    SIGNATURE


         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 thereunto duly authorized.


                                    STORAGE USA, INC.
                                     (Registrant)


Date:  March 14, 1997               By: /s/ Christopher P. Marr
                                        -----------------------------------
                                        Christopher P. Marr
                                        Vice President - Financial Reporting and
                                         Controller



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                                  EXHIBIT INDEX


Exhibit  Description                                                       Page
- -------  -----------                                                       ----

1        Underwriting Agreement between Registrant, SUSA
         Partnership, L.P. and Goldman, Sachs & Co.,
         dated March 11, 1997.

8        Opinion of Hunton & Williams, dated March 14, 1997




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