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You have to hold down the exposure compensation button at the same time as turning the control dial.
The values appear on the control panel screen.
I found this on page 33 of the manual...
Set the mode dial to M and turn the control dial to set the value.
• To set the shutter speed: Turn the control dial.
To set the aperture value:Turn the control dial while holding down the
[+-](exposure compensation) button.
The exposure level indicator appears on the control panel screen, showing the difference (ranging from -3 EV to +3 EV) between the exposure value calculated by the currently selected aperture
and shutter speed compared to the exposure value considered optimum by the camera.
You don't need the Olympus software in order to use this camera.
The best way to download pictures from your camera to your computer involves removing the memory card from the camera and plugging it into a card reader (either built-in to the computer or connected via USB or FireWire). This is likely to be faster than connecting the camera to the computer, and won't run down your camera's batteries.
Once the card is plugged in, it will appear to your computer as a removable drive. You can use the operating system's drag&drop facility to copy pictures from the card to the computer's hard drive, the same way you copy any other files. Or you can use any photo cataloging program such as Picasa.
Turn the camera dial to the letter P on the mode dial. Then go to the Menu and left arrow over to Reset and press Ok. You will see Reset Yes or No. Highlight Yes and press Ok. This will reset the camera to all of its factory default settings. The zoom feature should be working again.
The ALL RESET function works two ways. When it is set to ON it restores the camera to the default settings once the camera is powered off. You can still put in custom settings, but they will be reset when you turn the camera off. When it is set to OFF the camera remembers the settings you have entered. For example, if you want the camera to always start up in the 3:2 aspect ratio you would turn ALL RESET to OFF and then select the 3:2 quality setting. The 3:2 setup will be there every time you start the camera up until you set ALL RESET to ON. When ALL RESET is set to OFF the camera will accumulate all of your setting changes, so it is recommended to reset the camera occasionally.
There is an A/C adapter which is recommended for use with the D-545 Zoom Camera. The model is E-7AU. Use this 110V/120V AC Adapter to conserve batteries when downloading to your computer, for extended work in a studio, during printing, or while viewing images while connected to your TV or VCR. You can purchase this through the Olympus Emporium at https://emporium.olympus.com/ or 1-800-201-7766. The Olympus stock number is 200751.