We present a theoretical description of the near-specular (dipole) ele
ctron-energy-loss spectrum of a superlattice constructed from anisotro
pic dielectric layers, as a model of the superconducting copper-oxide-
based materials. The theory is applied to a description of recent data
taken on the Bi 2:2:1:2 compound. We find that parameters deduced fro
m the electron loss spectrum are compatible with infrared reflectivity
data. Manifestations of the superconducting energy gap are not eviden
t in the new data.