hey thanks for the respond guys.
I have formated the card using the camera as it was the first thing i did when i recieved the card. The camera specialist at Myers also formated the card using the external and internal card reader with various formats such as win xp format ntfs, fat 32 and fat 16.
Another factor which shows the card i bought from ebay was defective was when Myers had a spare 512 olympus xd card and it works perfectly on my camera.
And Ls755 kodak does support xd cards
http://www.kodak.com/eknec/PageQueri...equestid=24752
as per instructed by technical help from kodak and per instruction manual.