Instructions

  1. Combine first 8 ingredients in a large mixing bowl;add oil and eggs,beating well at medium speed with electric mixer.
  2. Add buttermilk and vanilla,beating well.
  3. Stir in preserves and pecans or walnuts.
  4. Pour batter into a greased and floured 10 inch tube pan.
  5. Bake at 350 degrees for 1 hour or until wooden pick inserted in center comes out clean.
  6. Cool in pan 10 minutes;remove from pan and place on serving platter.
  7. Pour buttermilk glaze over cake while both are still warm.
  8. BUTTERMILK GLAZE.
  9. Melt 1 tablespoon real butter in saucepan over low heat,add the buttermilk and the powdered sugar and heat till dissolved,then add 1 teaspoon vanilla extract.
  10. If the glaze is to thin or thick add powdered sugar or more buttermilk accordingly till you get the consistency you like.