Seagate free agent go problems

Hi there,
I have a Seagate Free Agent Go 320 GB drive that only shows I have 502 MB if memory....The problem is...there is nothing on the drive! I need to know where the big gigs went....Help
I bought this drive about a month ago....I downloaded a few things for back up and then bought a new comuputer. I am running windows 7 now and my free agent shows only the 452..... MB of storage left....I removed all the files from the free agent and ended up with 502 MB.....Yes this is a 320GB drive.......
No clue what to do!
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  1. has the drive been formatted in NFTS or FAT32
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