You may think this is overkill, but according to a friend of mine in Britain, (who is a retired COBALT programmer) if you have 32 - 64MBs of RAM ... the virtual memory settings should be 2.5 times the amount of physically installed RAM ... both minimum and maximum. (The normal rule of thumb). For 128MBs and over, use a swap file of 448MB, minimum and maximum. Yes, I said 448. This might seem like a whole lot to allocate to the hard drive, but I've found over the past year that he was right. Photoshop and MechWarrior 4 run beautifully. You can't ask for more than that. Try it ... and your computer will never page again.
See ya ... Toejam31