Blend eggs, sugar, and cooking oil until light and fluffy. Sift dry ingredients three times (important!). Add one teaspoon vinegar to the buttermilk. Add dry ingredients and milk alternately. Beat for 3 minutes, using electric mixer. Add red food coloring and vanilla. Bake in two 8-inch or 9-inch pans at 375 deg F for about 35 minutes. Let cool until very cold.
Icing: Cream butter and cream cheese; add sugar slowly and beat after each addition. Mix in vanilla and nuts. Spread on cooled cake.
By Eric Hunt <Ehunt@BSC835.Bsc.Edu> On Thu, 19 Jan 95 172537 Cst