Cream shortening and sugar, add egg. Stir in raisins and nuts. Combine dry ingredients and sift; add to first mixture. Stir in cranberry sauce. Bake at 350º F for about one hour in greased tube pan, or for 30 to 40 minutes in greased 8-inch layer cake pans. Ice with Cranberry Cream Cheese Frosting.
Cranberry Cream Cheese Frosting
Soften cream cheese with cranberry sauce. Add salt. Gradually add sugar, beating until creamy.