CARAMEL POUND CAKE
Cream together butter, shortening and sugars. Add eggs, one at a time, beating well after each. Add flavoring. Sift flour and baking powder. Add alternately with milk. Save 1/2 cup flour to mix with nuts. Fold in nuts.
Pour into greased and floured 10" tube pan. Bake at 300 degrees for 1 hr. and 30 minutes. Let stand in pan 10 min. and turn out.
Frosting:
Beat first 4 ingredients. In a small saucepan, bring to a rolling boil and cook for 1 minute. Remove from heat and add vanilla. Cool. Beat until thickened to spreading consistency. (Doesn’t have to be as thick as regular frosting.) If it gets too thick, thin with a little milk. Spread on cake.