The Backup Exec error id 34113 was being displayed on my Windows 2003 server with Backup Exec 12 installed.  This error corresponds to “out of memory.”  The error apparently stems from one the following two issues withe the volume shadow copy service:

The VSS simply lacks a required windows update, which is KB940349.
The VSS has a memory leak and needs to be patched with KB870973.

My problem was resolved after installing KB940349.

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