Increasing memory allocated to PHP
I needed to do this when I got blank screens after installing Buddypress
source: http://codex.wordpress.org/Editing_wp-config.php#Increasing_memory_allocated_to_PHP
Also released with Version 2.5, the WP_MEMORY_LIMIT option allows you to specify the maximum amount of memory that can be consumed by PHP. This setting may be necessary in the event you receive a message such as “Allowed memory size of xxxxxx bytes exhausted”.
This setting increases PHP Memory only for WordPress, not other applications. By default, WordPress will attempt to increase memory allocated to PHP to 40MB (code is at beginning of wp-settings.php), so the setting in wp-config.php should reflect something higher than 40MB. Read More