Combine first 3 ingredients; beat well with a heavy-duty mixer. Gradually add sugar; beat until light and fluffy (about 5 minutes). Add eggs, one at a time; beat well after each addition. Add flour to creamed mixture; beat well. Stir in vanilla.
Pour batter into a well greased 10-inch tube pan. Bake at 325° for 1 hour and 30 minutes or until cake tests done. Cool in pan 10 minutes; remove from pan, and cool completely.