Step 1: Preheat oven to 350 degrees F.
Step 2: Grease, flour and paper a 9 inch cake pan. Using an electric mixer team together the butter and almond paste with 1 cup sugar and the vanilla, scrapping down sides of bowl frequently. Add egg yolks and beat until blended.
Step 3: In another bowl sift together the dry ingredients (flour - baking powder) and the cream to the butter/almond paste mixture and mix until blended.
Step 4: In a separate bowl with clean beaters beat the egg whites with 1/4 cup sugar until soft peaks form. Fold half of the whites into the butter mixture and then fold in the remaining half of the whites, blending well.
Step 5: Bake for 30 minutes or until the top of the cake is golden. Let cake cool on a rack before turning out.
Step 6: Dust cake with sifted confectionary sugar if desired.
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