Various structures for variable reflectance rearview mirrors and variable transmittance windows are disclosed. One embodiment pertains to the provision of a polarized reflector in a rearview mirror. Another embodiment pertains to the provision of a switchable cholesteric liquid crystal element in a window. Yet another embodiment pertains to the provision of a plurality of apertures in a reflector layer of a rearview mirror where the apertures are sized and positioned in alignment with light emitting areas of a display positioned behind the reflector layer. In another embodiment, a moveable display or mirror element is attached to a rearview mirror housing.