The following applies to OllyDbg 1.10; for other versions, YMMV.
Options > Debugging Options > Exceptions
This setting allows you to set OllyDbg to ignore each/any exception thrown (use specific numbers for specific exceptions or 00000000 .. FFFFFFFF
to ignore all).
Also, for your convenience, I'd recommend the following settings for OllyDbg, in case you don't have them:
Start analysis of main module
Options -> Debugging Options -> Analysis 1
With this option activated Olly will analyze the program being debugged at start.
Highlighting jumps and calls
Options -> Appearance -> Defaults -> Default syntax highlighting -> Jumps'n'calls
Or, for current window, using right click:
Show jump path
Options -> Debugging Options -> CPU
With this options you can see the path of the jumps.
Finally, I recommend virtualize XP inside your Windows 7 with a tool of your choice, as it may make your debugging easier.