For cake, combine first 3 ingredients in large Mixing bowl.

Place next 4 ingredients in sauce pan and bring to boil. Remove from heat and pour over flour mixture. Stir well.

Beat eggs and add next 3 ingredients. Add to other mixture and beat well.

Bake in greased and floured pan (oblong--about 15x10x2) 40 minutes at 350°F.

For icing, start about 5 minutes before cake is done. Melt oleo and add rest of ingredients. Mix well and spread on cake while still hot in pan.