Cream shortening and sugar; add egg, beating well. Combine flour, baking powder, and salt; add to creamed mixture alternately with milk, beginning and ending with flour mixture. Stir in vanilla.
Pour batter into a heavily greased 8-inch round or square cake pan. Bake at 350° for 25 to 30 minutes or until a wooden pick inserted in center comes out clean. Cool slightly. Spread Praline Glaze over cake. Bake at 350° for 5 minutes.