Spirited Eggnog Bread

2¼ cups flour

¾ cup sugar

1 cup eggnog or half-and-half

3 tablespoon vegetable oil

2 tablespoons rum or 1/1/2 Tablespoons water plus 1 teaspoon rum extract

3½ teaspoons baking powder

½ teaspoon salt

¼ teaspoon ground nutmeg

1 egg

½ cup chopped nuts

Heat oven to 350*. Grease bottom only of loaf pan, 8 ½ X 4 ½ X 2 ½ inches or 9 X 5 X 3 inches. Mix all ingredients except nuts in large bowl; beat 30 seconds with spoon. Stir in nuts. Pour into pan. Bake 55 to 65 minutes or until toothpick inserted in center comes out clean. Cool 10 minutes. Loosen sides of loaf from pan; remove form pan to wire rack. Cool completely. Drizzle with rum Glaze. Sprinkle with additional ground nutmeg and chopped nuts

*Rum Glaze

½ cup powdered sugar

2 teaspoons eggnog or half-and-half

1 teaspoon run or ½ teaspoon rum extract

Mix all ingredients until smooth and thin enough to drizzle.