I purchased this at thrift store for under two dollars. Included good battery. Strap was missing, and the ball bearing that makes a click stop under the sliding front cover was missing, but I was able to install a tiny ball from another broken Olympus.
Took it to the zoo on Sunday and tested it alongside my Pentax K10D digital SLR.
Loaded it with a roll of out of date (2006) pro Fuji 160 NPS color print film.
Looking at the results, I must actually say that the little Olympus outperformed the big Pentax in image quality!
There were many drawbacks, however...
the Olympus can only do wide angle shots of 35mm focal length.
The Olympus flash has to be shut down with the little buttons, or else it wants to flash on every shot.
There was no real way of knowing where the Olympus auto focus was going to focus before the shot.
And it seems to have a little film transport problem... twice, when I opened the cover, it thought I had loaded a new roll... it advanced through several blank frames, then reset the counter to zero.
But the exposed images WERE sharp.

Please click on thumbnails to see enlarged.
All images are Copyright 2009 E.J.Kowalski.