In large mixing bowl cream together butter and sugars.
Add eggs and vanilla.
In medium mixing bowl sift together flour, baking powder, salt, baking soda and Buttermilk Blend. Add dry ingredients to creamed mixture, alternating with water, stirring just until ingredients are well-mixed.
Do not overbeat.
Stir in cherries, nuts and CHUNKS.
Spread into prepared pan.
Bake 30 minutes, or until wooden toothpick tests done.
Frost with Vanilla Butter Frosting.
Vanilla Butter Frosting
In large mixing bowl blend together butter and sugar.
Stir in vanilla and enough milk to obtain desired consistency.