Token Module error that cause memory exhaust

I`m getting screen with a very limited number of links and following error in apache error.log file when module Token is enabled.
Drupal core version is 7.7

PHP Fatal error:  Allowed memory size of 536870912 bytes exhausted (tried to allocate 32 bytes) in /var/www/clients/client1/web1/web/sites/all/modules/token/token.module on line 869, referer: http://SITE_URL/admin/config/people/accounts

I have this error every time when I`m trying to change field of type "Image" in any field collection in any profile type through the admin panel
and
when i`m trying to reach address /admin/config/people/account

The only way I found is to switch off token module that has no modules that depends of it.