Glaze:
1/2 cup powdered sugar, sifted
1 Tablespoon water
2 Tablespoon melted butter
Combine oil, sugar and vanilla and cream until light and fluffy. Add eggs and beat well. Sift together flour, cinnamon, salt and baking powder. Add milk, raisins, apples, nuts and dry ingredients to mixture and stir only until flour is well dampened.
Bake in well greased 9"x5"x4" loaf pan at 350° for 50-60 minutes. Cool; remove from pan. Combine glaze ingredients; mix well and pour over loaf. Let glaze set before wrapping loaf tightly.
Best if made day prior to serving.