Glazed Baked Doughnuts

Batter:
1/4 cup butter
1/4 cup vegetable oil
1/2 cup sugar
1/3 cup brown sugar
2 large eggs
1 1/2 teaspoon baking powder
1/4 teaspoon baking soda
1 teaspoon nutmeg
1 teaspoon cinnamon
3/4 teaspoon salt
1 teaspoon vanilla
2 2/3 cup flour
1 cup milk
Glaze:
3 Tablespoons melted butter
1 cup powdered sugar
3/4 teaspoon vanilla
2 Tablespoons hot water
Directions:
1. Preheat oven 425 grease doughnut pans
2. cream butter, oil and sugars.
3. add eggs and combine
4. stir in baking powder and soda, nutmeg, salt, cinnamon and vanilla.
5. Stir in flour and milk alternately
6. Spoon in pans filling almost full
7. Bake approximately 15 minutes, take out and cool
8. Prepare glaze by mixing melted butter, powdered sugar, vanilla and water. whisk till smooth.
9.Dip slightly cooled doughnuts into glaze. You can double dip if desired.
10. Serve warm or cooled. Will keep for about a day room temperature.