Privacy Subpanel not showing third option

Hi, I am setting up a wordpress install and I want it to be visible only to users I choose. When I look at the Privacy Features page, there is:

“I would like my blog to be visible only to users I choose.”

However, my Privacy Subpanel does not show this. What should I do? And, if for some reason this feature has been removed, you should take it off your “privacy features” page. Thanks.