This is aimed at Premiere Pro, but may help
A link with many ideas about computer setup http://forums.adobe.com/thread/436215?tstart=0
Work through all of the steps (ideas) listed at http://ppro.wikia.com/wiki/Troubleshooting
If your problem isn't fixed after you follow all of the steps, report back with ALL OF THE DETAILS asked for in the FINALLY section, the questions at the end of the troubleshooting link... most especially the codec used... see Question 1
If those articles are not useful, then it will probably be time to offer some more info, as the cure might be evident to others from those data. This ARTICLE will tell you the types of info, that would be so useful, and tell you how to gather much of it.
I agree. We can't really advise you without knowing how fast your processor is, how much RAM you have and how much free space is on your hard drive
It's also helpful to know what kind of camcorder your source video came from. Or, if you're using photos, if you've sized the photos to no larger than 1000x750 pixels in size, per my books and the FAQs to the right of this forum.
We really can't tell you how to get past an out of memory error without knowing what is causing the error.
In view of your deadline use Task Manager to shut down everything not vital to the machines operation.
- Anti-Virus, Anti-Spyware, anything connected with iPod, email monitoring programs, performance monitoring programs.
- Close any desktop gadgets, internet password applications, screensavers, background disk defragmenters.
- Set your desktop background to a plain colour,
- Select a basic theme so that Aero shuts down
- Set your Sounds Theme to No Sounds.
- Remove any temporary files - I recommend CCleaner.
- After that use an on-demand defragmenter to maximise contiguous space - I recommend Auslogics offering because it is fast.
Try exporting / sharing in different formats maybe one of them will work where your current attempt does not.
Insanity is hereditary, you get it from your children
The only change that I would make to the list is to use the various anti-virus, pop-up blocking and spysweeping programs' Exit functions, as most are designed to resist being shutdown in any other way, as a safety precaution. Most will not allow remote shutdown, without issues, as many Trojans, WORMs and malware attempt to do just that.
Otherwise I agree completely, and recommend the same things.