Just received this note at work:

Important -- Virus Alert
This message is being sent to all Exchange users. Do not forward it.

Do not open any e-mail message with the subject line ILOVEYOU !

A damaging virus called ILOVEYOU has been reported in <snip> and other companies throughout the world. It appears as an e-mail message with the subject line ILOVEYOU and has an attachment. If you receive such a message, delete it without opening it!

If opened, the message triggers a virus that searches for and overwrites the information in certain kinds of files on your PC's hard disk and shared servers you are connected to.

We have taken containment measures to prevent additional copies of the virus from entering <snip> and are continuing with efforts to block its spread. During the containment period, e-mail distribution will be restricted between <snip> regions.