Security software for USB flash drive

Can anyone pls recommend (free if possible) security or encryption softare for a USB flash drive.  Ideally something I can install onto the flash drive and copy and paste files into an encrypted area after entering a username or password.

Also should only be able to view the files once this security measure has been met.  I have tried SensiGuardVault already but $29 is a bit steep esp as you can buy a key for that price with software on it.  Should have the ability to shred files too.
hedgeselectAsked:
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ScumPuppyConnect With a Mentor Commented:
akahan is spot on there fella, Truecrypt is what you want

you can download the latest stable version 6.2 here http://www.truecrypt.org/downloads

it creates a virtual encrypted disc within a file and then kind of mounts it as a real disc, very nice :)
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akahanCommented:
You want Truecrypt.  Free, and does exactly what you want (and much more.)

http://www.truecrypt.org

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hedgeselectAuthor Commented:
ok I have followed all the installation and instructions correctly yet now, when I select my partition or file on the 15gb flash drive (called My Volume), Windows doesnt recognise it.  It simply seen as a file which has no file association with it so Win Xp doesnt know what software to use to open it.

I have mounted the drive using Truecrypt etc but when I put the USB drive in another computer or laptop, the same problem happens.  I was assuming (like other more pricy USB security software), that whichever computer I plug the USB drive into, and I want to click on that file or folder which is the master encrypted folder, it asks me for a password upon which it will allow me to view all sub folders and files.

Where have I gone wrong?
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hedgeselectAuthor Commented:
I'm also assuming that Truecrypt does not need to be installed on every PC that I wish to use the flash drive on?
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akahanConnect With a Mentor Commented:
Did you create a traveler volume with an autorun.inf file?   Look in the documentation under "Traveler Mode" to do what you're trying to do here.
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hedgeselectAuthor Commented:
Sorry havent had a chance yet, will try and do this before the week is out.  Is it quick and straight forward?
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