You might try to update your printer driver or try to reinstall them.
Also look at this:
http://support.microsoft.com/kb/826862

"Al Eaton" wrote:

I am running Word 2003 SP1 with 1GB of RAM and 20GB free space on the hard
drive. The file is about 1.1MB. When I click Print Preview I get the error
"There is not enough memory or disk space to display or print the picture."
After clicking OK the file opens and I see the print preview. How do I get
rid of this error.