Eggnog-Cherry Nut Loaf

Why I Love This Recipe
I made this yesterday. It was wonderful. the house smelled so good and DH couldn't wait for it to cool and have with coffee. It also would make a nice presentation in a goodie basket.
Ingredients You'll Need
2-1/2 cups all-purpose flour
3/4 cup sugar
1 T baking powder
1 beaten egg
1-1/4 cup dairy eggnog (or homemade)
1/3 cup cooking oil
1/2 cup chopped walnuts or pecans
1/2 cup chopped maraschino cherries
Homemade eggnog:
2 eggs
1-cup light cream
1/4-cup sugar
1/4 teaspoon ground nutmeg
Directions
In mixing bowl, stir together flour, sugar, baking powder and 1 teaspoon salt.
Mix eggs, eggnog, nuts and cherries.
Turn into two 8x4x2 inch loaf pans.
Bake at 350º for 45-50 minutes or till done.
Cool in pans 10 minutes.
Remove from pans, cool on wire rack