Combine ingredients and beat at high speed for 2 minutes or until well blended. Pour into greased 10” tube pan. Bake at 350 degrees for 30 to 40 minutes - or until toothpick inserted in center comes out clean.
Icing: add vanilla to powdered sugar. Stir in cream (a little bit at a time) until icing is smooth and loose enough to drizzle over cake.