UNITED STATES
                       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): August 7, 2008

                                 PUBLIC STORAGE
             (Exact Name of Registrant as Specified in its Charter)


           Maryland                       001-33519              95-3551121
(State or Other Jurisdiction of    (Commission File Number)   (I.R.S. Employer
        Incorporation)                                       Identification No.)

701 Western Avenue, Glendale, California                        91201-2349
(Address of Principal Executive Offices)                        (Zip Code)

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

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

|_|    Written  communication  pursuant to Rule 425 under the Securities Act (17
       CFR 230.425)

|_|    Soliciting  material  pursuant to Rule 14a-12  under the Exchange Act (17
       CFR 240.14a-12)

|_|    Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under  the
       Exchange Act (17 CFR 240.14d-2(b))

|_|    Pre-commencements  communications  pursuant  to Rule  13e-4(c)  under the
       Exchange Act (17 CFR 240.13e-4(c))








ITEM 2.02         RESULTS OF OPERATIONS AND FINANCIAL CONDITION AND EXHIBITS

         On August 7, 2008 Public  Storage  announced its financial  results for
the quarter ended June 30, 2008.  The full text of the press  release  issued in
connection with the announcement is filed as Exhibit 99.1 to this Current Report
on Form 8-K.

         The information in this Form 8-K and the Exhibit  attached hereto shall
not be deemed "filed" for purposes of Section 18 of the Securities  Exchange Act
of 1934 (the  "Exchange  Act") or otherwise  subject to the  liabilities of that
section,  nor shall it be deemed  incorporated  by reference in any filing under
the Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such filing.

ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS

         (c)      EXHIBITS

The following  exhibit relating to Item 2.02 shall be deemed to be furnished and
not filed:

Exhibit 99.1--Press Release dated August 7, 2008





                                   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.

Date:    August 7, 2008

                                                PUBLIC STORAGE


                                                By: /s/ John Reyes
                                                    -----------------------
                                                    John Reyes
                                                    Chief Financial Officer