1 stick butter
1/2 c. oil
2 c. sugar
2 eggs
2 c. flour
1 tsp. baking powder
3/4 tsp. baking soda
1/2 tsp. salt
1/2 tsp. cinnamon
1/2 tsp. nutmeg
3 c. chopped apples (about 3 med. Grannie Smith apples)
1 1/2 c. chopped pecans

Mix together butter, sugar and eggs. Add apples, then dry ingredients. Bake in floured Bundt pan at 325 degrees for 45 to 55 minutes.

FROSTING:

3 to 4 oz. cream cheese
1/2 stick butter
1/2 tsp. rum flavoring
1 to 1 1/2 c. powdered sugar (add until proper thickness is reached)

Mix well, then slowly pour frosting over cake.