It looks like you need more virtual memory buddy. Goto "Computer" > System Properties > Advanced System Settings. You will see this dialog box. Click "Advanced".
Then click the "Settings..." icon under the Performance tab. You will then see this dialog screen:
Click the "Advanced" tab. Under Virtual Memory click "Change..."
This will bring up a dialog of various hard drives that you can configure to hold your Page File. A good rule of thumb is to at least have a page file that is 1.5 times the size of your RAM installed in your computer. For instance, if you have 4GB of RAM, you would do 4,096MB * 1.5 = 6,144MB. Remember, 1024MB = 1GB. Or ((1024 * 4) * 1.5) = 6,144MB.
Another example. If you had 16GB of RAM, you would do ((1024*16) * 1.5) = 24,576MB. (Which mine is set at). Because I have multiple hard drives, I have a hard drive that is dedicated to a page file. Especially in laptops where there is usually only one hard drive, this is not the norm. Considering a page file is 1.5 times the size of your onboard RAM, this file can take up a considerable amount of space.
Unfortunately with page files, they are a necessary evil. You have to sacrifice hard drive space in order for your applications to run smoothly. Hopefully this tutorial helps!