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Cream Cheese Pound Cake

3/4 cup butter
1 (8-ounce) package cream cheese
1/2 cup granulated sugar
1 1/2 teaspoons vanilla extract
4 large eggs
2 cups all-purpose flour
1 1/2 teaspoons baking powder
1 package wax paper
1/4 cup powdered sugar

1. Preheat oven to 325*F.
2. Thoroughly blend together butter, cream cheese, sugar, and vanilla. Add eggs, one at a time, mixing well after each addition. Sift together flour and baking powder; add to the creamed mixture. Pour into a wax paper lined loaf pan.
3. Bake at for 1 hour. Let stand for 5 minutes then remove from the pan and sprinkle with powdered sugar.

Makes 8 servings.