Things You'll Need
Instructions
Download the two files listed in Resources. Extract the PSP Grader file using WinRAR or another unzipping software.
Plug the PSP into your computer using its USB cable. Insert the new memory card in the PSP.
Run the PSP grader file. Extract the 4.01 EBOOT file, and run it.
Select the box beside "None" for the trigger option. Click on "Format memory stick," and then choose the drive name of your PSP.
Click "Create Pandora Memory Stick." A pop-up window will alert you when the process is complete. You now have a magic memory stick.