Step 1: Preheat oven to 350 degrees.
Step 2: Mix together the first 5 ingredients and set aside.
Step 3: Lightly grease and flour 2 8 inch round pans or a 9 x 13 inch baking dish.
Step 4: Cream together the butter and sugar.
Step 5: Add the applesauce,eggs,and vanilla making sure to mix well.
Step 6: Gradually add the flour mixture and mix until just until blended.
Step 7: Fold in walnuts and raisins.
Step 8: Pour batter evenly into pans.
Step 9: Bake for 25 to 30 minutes or if your using the baking dish bake for 35 to 40 minutes.
Step 10: Cool to room temperature,and frosting with Cream Cheese Frosting.
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