1 c. butter
1 (8 oz.) pkg. cream cheese
1 1/4 c. sugar
4 eggs (room temp.)
2 1/4 c. flour
2 tsp. baking powder
1/4 tsp. salt
2 tsp. vanilla
1 (12 oz.) pkg. chocolate chips

Cream butter and cheese in large mixing bowl with electric mixer. Beat in sugar gradually until light and fluffy. Add eggs one at a time beating well after each addition.

Stir flour with baking powder and salt. Stir with vanilla and chocolate pieces into butter mixture.

Bake in greased 8 inch tube pan in preheated 300 degree oven for 1 hour or until top springs back when lightly touched with finger. Turn out onto rack and cool completely. Glaze if you wish or sprinkle with confectioners' sugar.