Preheat oven to 325°. Sift dry ingredients together into large bowl. Make a well in the center and add butter, milk and vanilla. Beat for 3 minutes. Add cream and eggs, beating thoroughly after each addition. Pour batter into a well-oiled tube or bundt pan. Bake about 45 minutes, or until a toothpick inserted into middle of cake comes out clean. Cool cake completely and remove from pan. Serve as is or drizzle with a chocolate glaze or powdered sugar.