HD recognized but can not be accessed

Try connecting the drive to another computer.

You can also try booting with a Knoppix "Live" distro to see if you can access your information.

http://www.knopper.net/knoppix/index-en.html

If you don't have a backup of your data, you might need to have a professional try to do the data recovery on the HD if it is that important to you.

Make sure you choose one that you only have to pay if they recover data.

Where are you trying to access it? Slaved to another machine?
Can you take a screen shot of Windows Disk Management of the machine where you are trying to access this drive on?
There are two possible issues:
1)The drive is not initialized or cannot be initialized
2)The file structure needs ownership of the current user.
But with requested screen shot I can give you more detailed help.

Does the drive make any noises when power is applied to it?  Is there a clicking or can you hear the drive motor spin up?

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your right there is some small clicking noises

So, it is issue 1 then. You need to initialize the drive first. There is no other way.
Right click on the drive - select Initialize. Once it is done - you will have an empty drive. But no panic.
Run a tool called GetDataBack from www.runtime.org to recover the data.
Or you can try Partition Recovery and scan with it the drive - http://www.easeus.com/partition-recovery/
It should help you to restore the partition after initializing the drive.

it says there is an error when I tried to initialize it..

Is it connected internally or through some USB dock?
It could be that your drive is bad. And if you need the data really then let the professional services recover the data for you. This will cost you $$$$.

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