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Default Not Enough Memory

I'm having trouble with a spreadsheet that has 32,000 rows and 120 columns
(Excel takes forever to do anything, I get frequent "low memory" warnings,
etc). I'm currently using Excel 2003. I cannot break this spreadsheet into
pieces - it has to be combined in one sheet.

Is there a way to get around this problem? Should I upgrade to Excel 2007?
Can I purchase special software?

I've looked online, and it doesn't appear as though there's a fix for this,
but I figured you guys might have an answer.
 
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