Party Coffee Cake

2 sticks (half pound) butter

1 cups sugar

2 eggs, separated

2 teaspoons vanilla extract

3 cups flour

2 teaspoons baking powder

1 can (12 ounces) evaporated milk

8 ounces maraschino cherries, chopped

1 cup walnuts or pecans, chopped

Heat oven to 350 degrees. Grease a bundt pan.

In a large bowl, cream butter and sugar; add egg yolks and vanilla and beat well. Add flour and baking powder alternately with evaporated milk.

In another bowl, beat egg whites until stiff; fold into batter with nuts and cherries. Spread into prepared pan and bake 1 hour and 10 minutes or until it is light brown and springs back when touched with a finger.

Serves 12 to 16.