Heat oven to 350 degrees. Grease and flour tube pan, 10 x 4 inches or 12 Bundt cake pan. Beat sugar, margarine, eggs and vanilla in large mixer bowl on low speed, scraping bowl constantly, 30 seconds. Beat on high speed, scraping bowl occasionally, 5 minutes. Beat in flour, baking powder and salt alternately with milk in low speed. Pour into pan. Bake until toothpick inserted in center comes out clean, 70 to 80 minutes. Cool 20 minutes, remove from pan.
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