Hi sal22,
LabVIEW 8.2.1 (which appears to be the version you are using) automatically handles memory allocation up to 2 Gigabytes. LabVIEW 8.5 and later support using up to 4 Gigabytes.
Please see the following KnowledgeBase articles for more information:
How Much Memory Can LabVIEW Use?
http://digital.ni.com/public.nsf/allkb/AC9AD7E5FD3769C086256B41007685FA?OpenDocument
LabVIEW 8.5 Help - Extending Virtual Memory Usage for 32-bit Windows
http://zone.ni.com/reference/en-XX/help/371361D-01/lvhowto/enable_lrg_ad_aware/
Also, I know some changes were made to lvsound2.dll in 8.5, the library that your vi uses to produce the sound. In other words, if this is truly a memory issue, than upgrading to the latest version of LabVIEW might fix the problem. I can't confirm this for you because my ears just aren't that good ;). But, it's worth a try if you have a copy of 8.5/8.5.1 available.
Eric V
National Instruments
Applications Engineer
Certified LabVIEW Associate Developer
"I'm a Ramblin' Wreck from Georgia Tech and a helluva (NI Applications) Engineer!"