A light-guide optical element (LOE) for simultaneous viewing, of a real scene and of a projected image introduced into the LOE, having a transparent block along which light conveying a projected image propagates by internal reflection, and a plurality of internal partially reflecting surfaces obliquely oriented and configured so as to couple-out a part of said light, wherein the reflectance of each of the partially reflecting surfaces is such that the total power of the light that is coupled out is less than one third of the total power of the light that is introduced into the LOE. In some embodiments, the light of the projected image is polarized and the reflectance of the partially reflecting surfaces for light polarized in an orthogonal orientation is substantially reduced. In some embodiments, the reflectance of the partially reflecting surfaces for light not reaching the viewer is substantially reduced.