•Coat a 10-inch Bundt or tube pan with cooking spray and lightly flour, set aside.
• In a large bowl, with an electric beater on medium-high speed, beat sugar, butter, and shortening until creamy. Add eggs and beat until fluffy. Add 1-1/2 cups flour and 1/2 cup evaporated milk, beating until well blended. Add remaining 1-1/2 cups flour and 1/2 cup evaporated milk, and vanilla, beating until well mixed.
• Pour batter into pan. Place in a cold oven and bake at 300 degrees F. 1-3/4 to 2 hours, or until a wooden toothpick inserted in center comes out clean. Let cool 10 minutes, then invert onto a wire rack to cool completely. Serve, or cover until ready to serve.
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