External HD to stohows up as cd-rom--how to fix?

New iomega external hd shows up as cd-rom in windows and option to format greyed out.
Shows 0-bytes free and should be 500gb.
I can run the encryption software on the hd, but thats all there is and can't drag and drop files because it thinks is cd-rom? Any ideas?

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Clarification Request
(NT) Did you go to Disk Management to partition & format?
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Figured it out...thank you.

<span id="INSERTION_MARKER">I removed the Iomega encryption and virtual cd-rom software and now the disk is recognized correctly. Thank you.

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