password protecting folders?

Q: What is the maximum possible size of a TrueCrypt volume?

A: The maximum possible size of a TrueCrypt volume is 8589934592 GB. However, due to security reasons, the maximum allowed volume size is 1 PB (1,048,576 GB), as the amount of data that is considered secure to be encrypted using a single key depends, among other factors, on the block size of the encryption algorithm. In addition, you need to take into account other limiting factors. For instance, file system constraints, limitations of the hardware connection standard and of the operating system, etc.

http://www.truecrypt.org/faq.php

Should find all the answers to your questions there. Brilliant piece of software considering its free.

P.S. Tutorial Link: http://www.truecrypt.org/docs/?s=tutorial
 
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2 lazy to read the whole thread, if its really private stuff dont forger any administrator can take ownership of the files and give themselves access (if they know what they are doing) so either make sure you have the only admin account - or consider using MS Office password protect (if they are office files) or maybe stick them in a password protected zip.. - i dont know how ahrd a password' zip is to crack.. I thnk versions of office 2k3+ are very secure...
 
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