Budget V series compact introduced in 2011 offering fairly basic specification, including 12 megapixel CCD sensor, 4x zoom lens and a 2.7" LCD. It can record VGA movies and offers Olympus' Magic Filters for both movies and stills. There is an in-camera guide for those who want to explore the functions beyond its Intelligent Auto mode and a Perfect Fix option for quickly adjusts underexposed pictures or removing red-eye from your images.