The answer is No. The source of possible confusion came from one of my previous posts: http://blogs.msdn.com/slavao/archive/2005/11/15/493019.aspx. I apologize for the confusion. In order to make 64 bit version of SQL Server leverage locked pages all you need to do is to give lock pages in memory privilege to an account under which SQL Server process runs. You don't need to run "sp_configure 'awe enabled', 1".