Step 1: In a large bowl, cream butter and sugar until light and fluffy. Beat in the egg, milk and vanilla.
Step 2: Combine flour and baking powder; gradually add to creamed mixture and mix well.
Step 3: Transfer 1 cup dough to a small bowl; stir in orange peel and set aside.
Step 4: To the remaining dough, add the cranberries, pecans and, if desired, food coloring; divide in half.
Step 5: Line an 8x4-in. loaf pan with waxed paper.
Step 6: Press one portion of cranberry dough evenly into pan; top with orange dough, then remaining cranberry dough.
Step 7: Cover and refrigerate for 2 hours or until firm.
Step 8: Remove dough from pan; cut in half lengthwise.
Step 9: Cut each portion into 1/4-in. slices.
Step 10: Place 1 in. apart on lightly greased baking sheets.
Step 11: Bake at 375° for 8-10 minutes or until edges begin to brown.
Step 12: Remove to wire racks.
Step 13: Store in an airtight container.
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