-
Preheat oven to 325 degrees. Grease and flour a bundt pan or a tube pan. Stir together flour, baking powder and salt. Set mixture aside.
-
Cream together butter, cream cheese and sugar until light and fluffy. Add eggs, one at a time, and mix until blended. Stir in extracts. Add flour mixture and mix on low speed just until all flour is well-blended. Dredge cherries in flour and gently fold into batter.
-
Pour into prepared pan and bake for approx. 1 hour 15 minutes, or until toothpick inserted in center comes out clean. Cool in pan for 10 minutes before removing, and place on wire rack to cool completely.