Cake:
Combine butter and sugar and beat well.
Add flavorings and eggs, blend well.
Add flour and all remaining ingredients, blend at low speed until moistened. Beat 3 minutes at medium speed.
Pour batter into a greased and floured 10-inch tube pan.
Bake at 325 F for one hour or until toothpick inserted in center comes out clean.
Invert cake onto serving plate and permit to cool fully. Sprinkle either with powdered sugar Or Butter Rum Sauce.

Butter Rum Sauce:
In a small saucepan, combine all sauce ingredients.
Cook over low heat, stirring sometimes, until butter melts. Do not boil.
With a long-tined fork, pierce cake 10-12 times.
Slowly pour hot sauce over warm cake.