I had the same problem with my Olympus VN-5000. I found a solution, which appears to reformat the memory (ERR means memory error). Try to press the STOP and DISP/MENU buttons at the same time for about 2 seconds, and then the display should show "FOR". It will supposedly erase the whole memory, but will at least make the device usable again! I hope this solution works for your model.
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