The Olympus online firmware update service is highly-automated: it checks the firmware used and, if necessary, the latest version can be automatically downloaded and installed. The whole process is very easy and just takes a few minutes. All you need is: 

OLYMPUS Master 2 Software, or
OLYMPUS Studio 2 Software

Available Updates for Compact Cameras and D-SLR Cameras and Lenses

Compact Cameras
 D-SLR Cameras
 D-SLR Lenses

FE-270

FE-290

FE-310

FE-350 Wide

SP-550 UZ

SP-560 UZ

µ 790 SW

µ 840

µ 850 SW

µ 1010

µ 1020

µ 1030 SW

E-1 Body

E-3 Body

E-30 Body

E-300 Body

E-330 Body

E-400 Body

E-410 Body

E-500 Body

E-510 Body

ED 9-18mm 1:4.0–5.6

14-54mm 1:2.8-3.5

ED 14-42mm 1:3.5-5.6

ED 12-60mm 1:2.8-4.0 SWD

25mm 1:2.8 Pancake

ED 35-100mm 1:2.0

ED 40-150mm 1:4.0-5.6

ED 50-200mm 1:2.8-3.5 SWD

ED 70-300mm 1:4.0-5.6

ED 90-250mm 1:2.8

ED 8mm 1:3.5 Fisheye

ED 18-180mm 1:3.5-6.3

35mm F3.5 Macro

Update Details
14-54 mm Lens
50-200 mm Lens
E-1 Body
E-300 Body