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<TEXT>


                                  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): November 25, 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))




<PAGE>



ITEM 5.02  DEPARTURE OF DIRECTORS OR CERTAIN  OFFICERS;  ELECTION OF  DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Effective  November 25, 2008,  the Public  Storage  Board of Trustees  appointed
Tamara Hughes Gustavson to the Board. With the appointment of Ms. Gustavson, the
Public Storage Board now has eleven trustees.

Ms. Gustavson,  47, was previously employed by Public Storage from 1978 to 2003,
serving most recently as Vice  President,  Administration,  and currently is the
beneficial  holder of approximately  22.3 million,  or 13.1% of Public Storage's
outstanding  common  shares.  She also serves on the Board of  Directors  of the
USC-CHLA  Institute  for  Pediatric  Clinical  Research.  Ms.  Gustavson  is the
daughter  of B. Wayne  Hughes,  Chairman  of the Board and the sister of B.Wayne
Hughes,  Jr.,  also a  member  of the  Board of  Trustees.  The  Hughes  family,
including  Ms.  Gustavson,  collectively  owns  approximately  23.2%  of  Public
Storage's  common  shares  outstanding  as of November 24, 2008.  Disclosure  of
transactions  between Public  Storage and the Hughes family has been  previously
reported in Public Storage's proxy statement and other Exchange Act reports.

A copy  of the  press  release  Public  Storage  issued  on  November  25,  2008
announcing  the  appointment  of Ms.  Gustavson to the Public  Storage  Board of
Trustees  is being  furnished  with this  Current  Report on Form 8-K as Exhibit
99.1.



ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

  (c)      EXHIBITS

The following exhibit is being furnished with this Report:
Exhibit 99.1--Press Release dated November 25, 2008


<PAGE>


                                   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:    November 26, 2008

                                                   PUBLIC STORAGE


                                                   By: /s/ Stephanie Heim
                                                       ------------------
                                                       Stephanie Heim
                                                       Vice President






<PAGE>


                                 EXHIBIT INDEX


The following exhibit is being furnished with this Report:

Exhibit 99.1--Press Release dated November 25, 2008. Filed herewith.













</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ps8kex991_1108.txt
<DESCRIPTION>PRESS RELEASE NOVEMBER 25, 2008
<TEXT>


Exhibit 99.1

News Release

Public Storage
701 Western Avenue
Glendale, CA 91201-2349
www.publicstorage.com
--------------------------------------------------------------------------------

                                                       For Release:  Immediately
                                                       Date: November 25, 2008
                                                       Contact:  Clemente Teng
                                                       (818) 244-8080



         TAMARA HUGHES GUSTAVSON JOINS PUBLIC STORAGE BOARD OF TRUSTEES

GLENDALE, California - Public Storage (NYSE:PSA) announced today the appointment
of Tamara Hughes  Gustavson to the Public  Storage Board of Trustees,  effective
November 25, 2008.  With the  appointment of Ms.  Gustavson,  the Public Storage
Board has a total of 11 trustees.

Ms. Gustavson,  47, was previously employed by Public Storage from 1978 to 2003,
serving most recently as Vice  President,  Administration,  and currently is the
beneficial holder of approximately  22.3 million,  or 13.1%, of Public Storage's
outstanding  common  shares.  She also serves on the Board of  Directors  of the
USC-CHLA  Institute  for  Pediatric  Clinical  Research.  Ms.  Gustavson  is the
daughter of B. Wayne Hughes, Chairman of the Board of Public Storage.

"We are pleased  that our largest  shareholder  has decided to join the Board of
Trustees," said Ronald L. Havner,  Jr., Chief Executive Officer and President of
Public Storage.  "Ms. Gustavson's  knowledge of our company and the self-storage
business make her a valuable addition to our Board."

ABOUT PUBLIC STORAGE:
---------------------

Public  Storage,  a member of the S&P 500 and The Forbes Global 2000, is a fully
integrated, self-administered and self-managed real estate investment trust that
primarily acquires,  develops,  owns and operates self-storage  facilities.  The
Company's  headquarters  are located in Glendale,  California.  At September 30,
2008, the Company had interests in 2,017  self-storage  facilities located in 38
states with  approximately  127 million net  rentable  square feet in the United
States  and 179  storage  facilities  in seven  Western  European  nations  with
approximately nine million net rentable square feet.

Additional  information  about  Public  Storage  is  available  on our  website,
www.publicstorage.com.



                                      # # #
</TEXT>
</DOCUMENT>
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