Place ingredients into bread machine in the proper order for your machine. Bake on white bread cycle with light crust. At beeper, add the dried cranberries.

Instructions for non-bread machine baking: Use dough cycle, but don't put in the dried cranberries. At end of the cycle, remove dough, place on floured board, cover and let rest for 10 minutes. Roll out into a rectangle, sprinkle on the cranberries, roll back up into a loaf. Place in greased bread pan, cover, and let rise for 45 minutes. Just before baking, slash down the center with a lame or razor. Bake in 375 deg. Oven for 30 minutes. Remove bread, and let cool.