Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
AMSDELL BARRY L
  2. Issuer Name and Ticker or Trading Symbol
U-Store-It Trust [YSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O U-STORE-IT TRUST, 6745 ENGLE ROAD, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2005
(Street)

CLEVELAND, OH 44130
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Limited Partnership Units of U-Store-It, L.P. (1) 01/05/2005   J(2)   201,848   01/05/2006   (3) Common Shares 201,848 (2) 201,848 I By Rising Tide Development, LLC (4)
Limited Partnership Units of U-Store-It, L.P. (1)             10/27/2005   (3) Common Shares 337,756   337,756 I By Amsdell Holdings I, Inc. (4)
Limited Partnership Units of U-Store-It, L.P. (1)             10/27/2005   (3) Common Shares 187,249   187,249 I By Amsdell & Amsdell (4)
Limited Partnership Units of U-Store-It, L.P. (1)             10/27/2005   (3) Common Shares 604,510   604,510 I By trust (4)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
AMSDELL BARRY L
C/O U-STORE-IT TRUST
6745 ENGLE ROAD, SUITE 300
CLEVELAND, OH 44130
  X      

Signatures

 /s/ Nick Katzakis, Attorney-in-Fact   01/07/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Units of U-Store-It, L.P. are redeemable for an equal number of shares of the Issuer's common stock or, at the election of the Issuer, cash equal to the fair market value of such shares.
(2) On January 5, 2004, in connection with the Issuer's exercise, pursuant to an option agreement dated as of October 27, 2004, of its option to purchase the San Bernardino VII, CA facility from Rising Tide Development, LLC, a company owned indirectly by the reporting person, U-Store-It, L.P., the Issuer's operating partnership, issued Class A units of limited partnership interest to Rising Tide Development, LLC. The average closing price of the Issuer's common shares for the 10 consecutive trading days immediately preceding the closing date of the purchase of the option facility ($17.18) was used to determine the number of securities issued.
(3) These limited partnership units have no expiration date.
(4) The reporting person has a 50% pecuniary interest in the units owned by Rising Tide Development, LLC, Amsdell Holdings I, Inc., Amsdell & Amsdell general partnership and the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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