AppleScript to Remove "ABC" from Folder Names

Does anybody know of an AppleScript that will remove a string of text, such as “ABC” (which is at the beginning of the folder name), from the beginning of multiple folders in a specific directory?

Name those files (http://homepage.mac.com/jonn8/ntf/) is awesome, but I don’t know if it does folder names. If it doesn’t, contact Jonathan and I’ll bet he’ll add it for you.

Looks like it does support renaming folders. That looks like a great little app. Thanks!