Hide folders / files with no access

Is there a way to set permissions on a folder so that it will only be seen
if the user has access to it? Currently it displays the folder, but gives an
access denied if someone tries to click on it. Is it possible to not even
display things that the users don't have access to? I know this can done on
Novell, but can't figure out how to set it in Windows.

Many thanks in advance.