Steps:
- 1. Preheat oven to 350 degrees F. 2. Blend eggnog, butter, eggs and vanilla; mix well. 3. In separate bowl, combine flour, sugar, baking powder and nutmeg; add to eggnog mixture. 4. Mix just until all ingredients are moistened. Stir in walnuts and cherries. 5. Spoon into greased 9x5-inch loaf pan. 6. Bake 45 to 50 minutes or until wooden pick inserted in center comes out clean. 7. Cool in pan for 15 minutes; remove from pan, then cool completely on wire cooling rack. 8. Store at room temperature tightly wrapped in plastic wrap.
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