Step 1: Preheat the oven to 350°F.
Step 2: Grease a 9 X 5-inch loaf pan, line the bottom with wax paper and grease the paper.
Step 3: Beat the butter with sugar until fluffy; blend in the egg.
Step 4: Combine the flour, baking powder, baking soda and salt (sift them together if not using pre-sifted flour).
Step 5: Combine the apricots, sour cream and almond extract.
Step 6: Stir the flour mixture into the butter-sugar mixture alternately with apricot mixture.
Step 7: Fold in the nuts and cherries.
Step 8: Turn into the loaf pan and bake 50 minutes or until crust springs back when lightly poked with fingertip.
Step 9: Cool in pan on wire rack 10 minutes, turn out and cool completely
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