Hard drive compression under Windows ME

I used Drivespace under Windows95 to create a compressed partition on my hard drive. I recently installed a new PC with Windows Millenium, but Drivespace3 does not compress hard drives. I want to compress application software and videos, and wouldlike to do it on independant partitions.

I can’t seem to find any included utilities which will enable me to compress entire partitions (I am familiar with the zip folders, but I don’t believe they can do what I want. Am I wrong about that? Are there any good third-party software products available which can do so ?

Thanks,
Barry Goldberg