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From the Manufacturer
The DMC-FZ30's Leica DC Vario-Elmarit lens features 14 elements in 8 groups, including 3 aspherical lenses and an ED (extra-low dispersion) lens which helps to suppress the color bleeding that often occurs in telephoto shots, plus a 12x optical zoom (35mm equivalent: 35 to 420mm). This combines with the large, 1/1.8-inch diagonal 8-megapixel CCD to give you enormous expressive power. The new Extended Optical Zoom, which minimizes the image degradation that normally occurs with digital zooming, gives you up to 19.1x power in 3-megapixel photos, and up to 15x power in 5-megapixel photos. Plus, the 12x optical zoom can be used together with the 4x digital zoom to produce a maximum of 48x zooming power.