The OS will recognize FAT32 volumes that are larger than 32GB, but the built-in tool can't format them. I've seen reports of people using Partition Magic to format, but there should surely be some free alternatives out there.
First question comes to mind why Fat 32? next if you must have Fat 32 does it have to be the whole drive or would 1 or 2 partitions suffice?
If the first question can be answered maybe someone can think of another solution.
Ep, glad to see you come back and tidy up...did want to ask a one day favor, I want to enhance my resume , was hoping you could make me administrator for a day, if so, take me right off since I won't be here to do anything, and don't know the slightest about the board, but it would be nice putting "served administrator osnn", if can do, THANKS