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## Year Ended December 31, 

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The Company periodically reviews its assumptions for the rate of retur n on each Plan’s assets. The assumptions are based primarily on the long-term historical performance of the assets of the Plans. Differences in the rates of return in the near term are recognized as gains or losses in the periods that they occur. 

## Plan Assets 

The Company has consistently applied what it believes to be a conservative investment strategy for the Vornado Plan, investing primarily in cash and cash equivalents and fixed income funds, including money market funds, United States treasury bills, government bonds and mortgage back securities. Vornado Plan’ weighted-average asset allocations by asset category are as follows: 

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The Company has consistently applied what it believes to be an appr opriate investment strategy for the Mart Plan, by invest- ing in mutual funds and funds held by insurance companies. Mart Plan’ s weighted average asset allocations by asset category are as follows: 

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