1 c. soft butter
3 c. sugar
2 tsp. vanilla
1 (1 oz.) bottle red food color
1/4 tsp. salt
1/2 c. shortening
7 eggs
3 c. flour
1 c. milk

Combine butter, shortening and sugar. Cream until light and fluffy. Add eggs, 1 at a time, beating after each addition. Stir in vanilla and coloring. Combine flour and salt. Add to creamed mixture alternately with milk; beating well. Pour into a greased and floured 10" tube pan. Bake at 325 degrees for 1 hour 20 minutes or until toothpick inserted in center comes out clean. Cool cake completely; frost.

CREAM CHEESE FROSTING:

1/2 c. soft butter
2 (3 oz.) pkgs. cream cheese, soft
1 or 2 tbsp. milk
1 tsp. vanilla
1 lb. powdered sugar

Combine butter and cream cheese; blend until smooth. Stir in vanilla; mix well. Stir in powdered sugar, beat frosting until creamy; adding enough milk to make frosting of spreading consistency.