Maksim......Is your mobo ......... a ABIT-KT7 or a ABIT-KT7- Raid as the pic shows ?
Did you install a cooling fan on the heatsink that you installed on the processor ? If you didn't and you powered it up it is probably fried . ( That would account for the burnt smell you describe.
Did you thoroughly read the manual before you proceeded to put things together ? What is the capacity of the power supply that you used .......?
and the power supply is a regualr power suplly that you might find on a Pentium 2 system..
What does that comment mean ?
When you installed the mobo in the case , did you check to be sure there where no shorts or grounds ( or anything lodged between the board and the case ? ) .
Were you ever able to enter the CMOS set up ?
dl65