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In deep fryer heat oil to 350.
In large bowl, stir bisquick, egg, sugar and cinnamon. Fold in apple; working in batches, drop tablespoonfuls into hot oil. Cook 2-3 minutes, turning occasionally or until golden brown. Use a metal slotted spoon to remove from oil; drain on paper towels.
Before serving, sprinkle fritters with powdered sugar.
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