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Preheat oven to 325. In a large bowl, mix the applesauce, oil and sugar. Add the egg, mix well. Sift together flour, baking soda, salt, cinnamon, cloves and nutmeg. Add to the applesauce mixture. Mix well. Fold in raisins and nuts. Pour into a sprayed 8x4 loaf pan. Bake 1 hour, 20 minutes. Cool on rack for about 30 minutes.
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