2 sticks butter
1/2 c. shortening
3 c. sugar
6 lg. eggs
3/4 c. milk
1/4 c. maraschino cherry juice
3 3/4 c. plain flour, sifted
1 tsp. vanilla
1 (10 oz.) bottle maraschino cherries, chopped

Cream together butter, shortening, and sugar until light and fluffy. Add eggs, one at a time. Mix milk and cherry juice. Measure sifted flour; add to first mixture alternately with milk and cherry juice.

Add one teaspoon vanilla and stir in half of chopped cherries. Reserve remainder of cherries for icing. Bake in greased tube pan for 1 1/2 hours at 300 degrees.

ICING:

3 oz. softened cream cheese
1/2 stick butter
1 box 10X powdered sugar
Cherries (reserved)
1/2 c. chopped nuts
1/2 c. coconut
1/2 tsp. vanilla

Cream together cheese and butter. Add sugar, cherries, nuts, coconut, vanilla, and enough cherry juice to make good spreading consistency.