After you create a pagefile on an alternate volume and restart your computer, you may receive the following error message:
Limited Virtual Memory. Your system is running without a properly sized paging file. Please use the virtual memory option of the System applet in the Control Panel to create a paging file, or to increase the initial size of your paging file.
The System tool shows a correct value for the pagefile you created, and an incorrect entry for the Pagefile.sys file (pointing towards a temporary pagefile) may be visible in Windows Diagnostics.
This behavior can occur if the system account does not have full control root permission.
To resolve this issue, verify that the system account has full control to the root and is not a member of a denied access group. The system account should have full control over the partition (this is the default).
For additional information, click the article numbers below to view the articles in the Microsoft Knowledge Base:
How to clear the Windows paging file at shutdown
Configuring page files for optimization and recovery in Windows Server 2003, in Windows 2000, and in Windows NT
Moving the Windows default paging and spool file