In 3 quart saucepan, melt:

1 stick butter
1/4 c. oil
1 c. water

Sift together:

2 c. flour
2 c. sugar
4 tbsp. cocoa
1/2 tsp. salt

Add to mixture in pan:

1/2 c. buttermilk, to which 1/2 tsp. baking soda has been added
1 beaten egg
1 tsp. vanilla

Pour into greased and floured pan. Bake 375 degrees, 20 minutes.

FROSTING:

1 stick butter
6 tbsp. buttermilk
2 tbsp. cocoa

Bring to boil.

Remove, add:

1 lb. box powdered sugar
1 tsp. vanilla
1 c. nuts

Let stand until brownies are done. Spread on as soon as the brownies are taken out of oven. Let stand until cool.