Imaging with sub-wavelength resolution using a lens formed by periodic metal-dielectric layered structure is demonstrated. The lens operates in canalization regime as a transmission device and it does not involve negative refraction and amplification of evanescent modes. The thickness of the lens have to be an integer number of half-wavelengths and can be made as large as required for ceratin applications, in contrast to the other sub-wavelength lenses formed by metallic slabs which have to be much smaller than the wavelength. Resolution of λ/20 at 600 nm wavelength is confirmed by numerical simulation for a 300 nm thick structure formed by a periodic stack of 10 nm layers of glass with ǫ = 2 and 5 nm layers of metal-dielectric composite with ǫ = −1. Resolution of λ/60 is predicted for a structure with same thickness, period and operating frequency, but formed by 7.76 nm layers of silicon with ε = 15 and 7.24 nm layers of silver with ε = −14.PACS numbers: 78.20. Ci, 42.30.Wb,41.20.Jb The possibility of imaging with sub-wavelength resolution was first reported by Pendry in 2000 [1]. It was shown that the slab of left-handed material [2], a medium with both negative permittivity and permeability, can create images with nearly unlimited resolution. This idea impeached validity of classical restriction on resolution of imaging systems: diffraction limit and became a starting point for creation of new research area of metamaterials [3], artificial media possessing extraordinary electromagnetic properties usually not available in the natural materials. The idea of Pendry's perfect lens is based on such exotic phenomena observable in left-handed media as backward waves, negative refraction and amplification of evanescent waves. The far-field of a source is focused due to effects of backward waves and negative refraction. The near field of the source, which contains sub-wavelength details, is recovered in the image plane because of the amplification of evanescent modes in the slab. Currently, the samples of left-handed materials are created only in microwave region [4]. The creation of lefthanded materials at THz frequencies and in optical range meets with problems related to the difficulty in getting required magnetic properties [5,6] which have to be created artificially. In the absence of magnetic properties the lenses formed by materials with negative permittivity only (for example, silver at optical frequencies) are still capable to create images with sub-wavelength resolution, but the operation is restricted to p-polarization only and the lens has to be thin as compared to the wavelength [1]. This idea was confirmed by recent experimental results [7] which demonstrated the reality of sub-wavelength imaging using silver slabs in optical frequency range. The resolution of such lenses is restricted by losses in the silver, but this problem can be alleviated by cutting the slab into the multiple thin layers [8,9] and introduction of active materials [10]. Unfortunately, at the moment there is no recipe how to incre...