Cream together:

1/2 c. butter
1/2 c. shortening
3 tbsp. sugar
2 scant cups flour
1 c. flaked coconut

Roll into 2 rolls. Wrap in waxed paper and freeze for about 1 1/2 hours. Then slice or roll in balls and flatten with a glass dipped in sugar. Bake at 375 degrees until VERY light brown (about 8 minutes). Cool and dip in powdered sugar.