1 c. butter, softened
1/2 c. shortening
3 c. sugar
6 eggs
2 tsp. vanilla extract
1 (1 oz.) bottle red food coloring
3 c. cake flour
1/4 tsp. salt
1 c. milk
Cream Cheese Frosting (below)

Combine butter, shortening and sugar. Cream until light and fluffy. Add eggs, one at a time beating well after each addition; stir in vanilla and food coloring.

Combine flour and salt; add to cream mixture alternately with milk, beating well. Pour batter into a greased and floured 10 inch tube pan. Bake at 325 degrees about 1 hour and 20 minutes, or until a toothpick inserted in the center comes out clean. Cool cake completely and frost with a cream cheese frosting.

CREAM CHEESE FROSTING:

1/2 c. butter, softened
2 (3 oz.) pkgs. cream cheese, softened
1 tsp. vanilla
1 (1 lb.) pkg. powdered sugar, sifted
1 to 2 tbsp. milk

Combine butter and cream cheese; blend until smooth. Stir in vanilla, mixing well. Stir in powdered sugar. Beat frosting until creamy, adding enough milk to make frosting of spreading consistency. Makes enough frosting for one 10 inch tube cake.