you should NEVER turn off virtual memory in win 98/me. many applications wont run unless there is a swapfile available. a better approach would be to limit windows use of the swap file. check this out:
First, right-click on "My Computer" and select Properties. Now, select the Performance tab and then click the Virtual Memory button. Select "Let me specify my own virtual memory settings." The amount of total memory (physical memory + virtual memory) we want is about 512MB, so do a little math. For example, if you have 128MB of RAM, you want 384MB of virtual memory. After you calculate how much virtual memory you need (512 - your total physical RAM), enter this number in both the "Minimum" and "Maximum" boxes. Click OK, and Windows will give you a warning that it's not in control of the virtual memory anymore. The computer will also want to restart for the changes to take effect. Don't do that yet, as there's one more step.
Now we will tell Windows to use all the available physical RAM BEFORE it starts using the virtual memory. This will keep the hard drive from being accessed so often. To make this setting, click the Start button and select Run. Type "sysedit" (no quotes) and press enter. This will bring up five files; the one we're interested in is SYSTEM.INI, so select it. In this file, you'll find a section that starts with [386Enh]. (There are all sorts of entries under this heading that say things like "device=*vcd.") At the bottom of this section (before the next set of brackets), enter this statement (no quotes): "ConservativeSwapfileUsage=1". This turns the conservative swap file usage on, meaning that Windows will only use the virtual memory (i.e., access your hard drive) when it's out of physical RAM.
Save this change, close the System Configuration Editor, reboot your system
Now you're rockin!!!!! Keep this little hack to yourself! (ha ha).
ignore everything i say