Being an advisor--how soon is too soon?

[Munchkin03]

I am considering becoming an advisor for the chapter at my graduate school. It's a two-year commitment. I'm only a little more than a year out of school, but I don't know any of the women in the chapter now, so it's not as if I was ever partying with them. Also, I'm worried about the time commitment involved in being an advisor. It's a smallish chapter without a house, so it's not as bad as other chapters.

Could anyone tell me what sorts of things they experienced as an advisor, and if they'd juggle it with graduate school (I'm in a Masters program), or at such a young age. I'd like to become more involved...and this seems to be a good way.