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Cream butter; gradually add sugar, beating well. Add eggs, one at a time, beating well after each addition. Stir carrots into applesauce.
Combine flour, soda, and spices; add to creamed mixture alternately with applesauce mixture, beginning and ending with flour mixture. Mix well after each addition. Fold in walnuts and raisins. Pour batter into a greased and floured 10-inch tube pan. Bake at 350 degrees F for 1 hour and 20 to 25 minutes or until cake tests done. Cool in pan 10 minutes. Remove from pan; let cool.
Yield: 10 servings.