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Lazy Daisy Oatmeal Cake

1-1/4 cups boiling water
1 cup Quaker Oats (uncooked)
1/2 cup butter OR margarine, softened
1 cup granulated sugar
1 cup firmly packed brown sugar
1 teaspoon vanilla
2 eggs
1-1/2 cups sifted all-purpose flour
1 teaspoon soda
1/2 teaspoon salt
3/4 teaspoon cinnamon
1/4 teaspoon nutmeg

Pour water over oats. Cover and let stand for 20 minutes.
Beat butter until creamy; add both sugars and beat until fluffy.
Blend in vanilla and eggs.
Now add oats mixture and mix well.
Sift together the flour, soda, salt, cinnamon and nutmeg.
Add to mixture. Mix well.
Pour into a greased and floured oblong cake pan.
Bake in 350 degree oven for 50 to 55 minutes.
DO NOT REMOVE CAKE FROM PAN.
Spread with frosting and brown under the broiler until lightly brown.