Create a password-protected (encrypted) disk image
http://docs.info.apple.com/article.html?artnum=107333
1. Open Disk Utility at /Applications/Utilities.
2. Images>New>Blank Image... or click the "New Image" button in the Toolbar.
go to step 3
2a. To encrypt an existing folder..
Go to...Images>New>Image from Folder.
In the dialog window, select the folder and press "Open"
3. Type and/or select from popup window .....
Name location Format
Size (no size option for folder)
Encryption .....AES-128 must be selected
4. Click the "Create" button ..... or if Image from folder was used, click "Save"
5. Enter and verify your password when prompted and click "OK".
6. The .dmg will appear on the desktop and the left pane of Disk Utility.
Important...If you forget the password, the data stored will be lost.If you save your password in the keychain file, it will be available to you there.
An easy way to password-protect certain folders
To password protect a specific folder in any version of OS X, if you're an administrator, simply change the permissions in the "Get Info" box so that the folder is owned by the system. You'll be prompted for a password. To access the folder again, just change the ownership back - and it will require a password to be made accessible.
Secret Folder lets you conceal a folder and its contents.
http://apimac.com/secret_folder/index.php
george