Windows 2008 - Security Log Flood with Event ID 521 - Unable to log events to security log with Status code : 0xc0000008

I'm getting an error message in Security Event Log. The Secuirty Event Log setting is default "Archive the log when full, do not overwrite events". This setting was cause the hard drive is running out of disk space!!!

OS Name:                   Microsoft Windows Server 2008 R2 Standard
OS Version:                6.1.7600 N/A Build 7600

When i check the security event log, i found the log was flood with following error

Log Name:      Security
Source:        Security
Date:          27/02/2011 7:04:51 a.m.
Event ID:      521
Task Category: System Event
Level:         Information
Keywords:      Classic,Audit Success
User:          SYSTEM
Computer:      ServerName.Domain
Description:
Unable to log events to security log:
  Status code   : 0xc0000008
  Value of CrashOnAuditFail : 0
  Number of failed audits  : 52

Event Xml:
<Event xmlns="http://schemas.microsoft.com/win/2004/08/events/event">
  <System>
    <Provider Name="Security" />
    <EventID Qualifiers="0">521</EventID>
    <Level>0</Level>
    <Task>1</Task>
    <Keywords>0xa0000000000000</Keywords>
    <TimeCreated SystemTime="2011-02-26T18:04:51.000000000Z" />
    <EventRecordID>170122906</EventRecordID>
    <Channel>Security</Channel>
    <Computer>ServerName.Domain</Computer>
    <Security UserID="S-1-5-18" />
  </System>
  <EventData>
    <Data>0xc0000008</Data>
    <Data>0</Data>
    <Data>52</Data>
  </EventData>
</Event>

Any one have experience this and can provide the permanent solution on this?