Sen. Hillary Rodham Clinton (search) told Agnes Scott College (search) graduates that all women must "decide what we want to do and how we will contribute."

"There has never been a time in human history where it has been better to be a young woman alive and living in America," Clinton told the 200 graduates of the all-women's liberal arts college near Atlanta.

"There has never been any generation of young women with so many choices and so many opportunities to live up to their God-given potential."

Marsha Norman, a Pulitzer Prize (search)-winning playwright and Agnes Scott alumna, followed Clinton to the podium and challenged the former first lady to contribute by running for president.

Norman encouraged the graduates to "sign up for hard work and free time and free thought and free will."

Then, gesturing to Clinton, Norman added: "Sign up for women presidents."

As Clinton smiled, appearing slightly embarrassed, the crowd cheered.

Clinton was in Atlanta for a fund-raiser for her 2006 Senate campaign in New York. She never mentioned 2008 presidential aspirations in her speech, but joked she might be tempted to take advantage of the "fifth year free" option offered by Agnes Scott College.

"I think every once in a while we all need a break, to see what we want to do with our lives," Clinton said.