Magic Launcher - Optifine

[FNVcourierjon(SigilStone)]

This is what I get when I tried to run minecraft on the Magic Launcher with Optifine installed.  It was working fine yesterday and all last week.  Don't know what to do 

(click to show/hide)

MagicLauncher 0.9.9
java.home: C:\Program Files\Java\jre7
java.runtime.name: Java(TM) SE Runtime Environment
java.runtime.version: 1.7.0_05-b05
os.name: Windows XP
os.version: 5.1
os.arch: x86
sun.arch.data.model: 32
Error loading: http://twitter.com/statuses/user_timeline/Dinnerbone.rss: http://twitter.com/statuses/user_timeline/Dinnerbone.rss
Error loading: http://twitter.com/statuses/user_timeline/jeb_.rss: http://twitter.com/statuses/user_timeline/jeb_.rss
Error loading: http://twitter.com/statuses/user_timeline/notch.rss: http://twitter.com/statuses/user_timeline/notch.rss

*** Starting Minecraft ***
Minecraft version: 1.3.2
Minecraft.jar: minecraft.jar
Mods:
  OptiFine_1.3.2_HD_B3.zip
Base folder: C:\Documents and Settings\Compaq_Administrator\Application Data\.minecraft
Inactive external mods:
Java path: C:\Program Files\Java\jre7\bin\java
Memory: 350 MB
LauncherPath: /C:/Documents and Settings/Compaq_Administrator/Desktop/MagicLauncher_0.9.9.exe
Error occurred during initialization of VM
Could not reserve enough space for object heap

*** Starting Minecraft ***
Minecraft version: 1.3.2
Minecraft.jar: minecraft.jar
Mods:
  OptiFine_1.3.2_HD_B3.zip
Base folder: C:\Documents and Settings\Compaq_Administrator\Application Data\.minecraft
Java path: C:\Program Files\Java\jre7\bin\java
Memory: 330 MB
LauncherPath: /C:/Documents and Settings/Compaq_Administrator/Desktop/MagicLauncher_0.9.9.exe
Error occurred during initialization of VM
Could not reserve enough space for object heap

*** Starting Minecraft ***
Minecraft version: 1.3.2
Minecraft.jar: minecraft.jar
Base folder: C:\Documents and Settings\Compaq_Administrator\Application Data\.minecraft
Java path: C:\Program Files\Java\jre7\bin\java
Memory: 330 MB
LauncherPath: /C:/Documents and Settings/Compaq_Administrator/Desktop/MagicLauncher_0.9.9.exe
Error occurred during initialization of VM
Could not reserve enough space for object heap

[Chipaton]

Have you moved the optifine file?

[FNVcourierjon(SigilStone)]

Have you moved the optifine file?

If you mean somewhere else, no, I remember playing minecraft yesterday with magiclauncher and optifine installed

Nevermind, it works now, thanks