1 c. butter, softened
2 c. sugar
4 eggs
3 c. flour
1 tsp. salt
1 tsp. baking powder
2 tsp. vanilla
1 c. buttermilk

BUTTER SAUCE:

1 c. sugar
1/4 c. water
1/2 c. butter
2 tbsp. rum

Preheat oven to 325 degrees. Cream butter and sugar until fluffy. Add eggs, one at a time, beating well after each. Add remaining ingredients except sauce. Blend until moistened, then beat at medium speed for 2 minutes. Pour into a tube pan, greased on bottom only. Bake 60-65 minutes.

Sauce: Combine sugar, water, and butter and heat until butter melts. Stir in rum. Prick top of cake and pour sauce over top. Cool completely before removing from pan.