Olympus Ep-1 Replace lens or discard?

I have an Olympus Ep-1. It reads Check Lens Status. Is this the lens? Should I replace the lens or discard the camera in total. The lens is 14-42mm f3.5-5.6 40.5. If I am to replace the lens what model lend should I look for? I see larger lenses with 58. Will they fit?

Sounds like the camera thinks the lens is collapsed. Have you opened the lens up into the shooting position? If so, they something's not working and it could be either the lens or body, or both.

 

Olympus has changed the styling on the 14-42 two or three times since the original, but they will all fit and work on your camera. The nest thing, if it's possible, would be to take the camera to a dealer and try a new lens on the body and see if you get the same error message.