Stumble it!
Free Open-Source Disk Encryption Software For Windows Vista/XP/2000 And Linux
Creates a virtual encrypted disk within a file and mounts it as a real disk. Encrypts an entire hard disk partition or a storage device such as USB flash drive. Encryption is automatic, real-time (on-the-fly) and transparent. Provides two levels of plausible deniability, in case an adversary forces you to reveal the password.
1) Hidden volume (steganography – more information may be found here).
2) No TrueCrypt volume can be identified (volumes cannot be distinguished from random data).
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This disk encryption software has totally knocked down the notion that freeebies are not reliable. Believe me it is more than effective.