Preheat oven to 400 degrees

Grease a 9X5 inch loaf pan with shortening or cooking spray

Combine granulated sugar and butter and blend with a mixer on medium speed until fluffy. On low beat water, milk, vanilla and eggs until combined. Stir in remaining ingredients until moistened.

Spread in pan

Bake 50 minutes or until toothpick inserted in center comes out clean

For the glaze:

In a small bowl, stir powdered sugar, vanilla and 3 TBS milk until spreadable.

Cool completely before slicing