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Preheat oven to 325 degrees F. Use solid vegetable shortening to generously grease a Bundt baking pan.
Cream oil and sugar together. Add eggs, one at a time, beating well. Sift dry ingredients and spices together. Add to sugar mixture. Add vanilla extract, apples and nuts to batter and fold all together. Bake in prepared Bundt pan for 1 hour and 15 minutes. Cool 20 minutes before removing from pan.
Serve warm or cool without icing.