Applesauce Oatmeal Cake

I've had this recipe in my cookbook for years. I don't know where it came from. It's a great afterschool snack for the kids though. Especially with a cold glass of milk. You can do this either in a bundt pan or a 9x13 cake pan.

Applesauce Oatmeal Cake
1/2 cup butter or margarine, softened
1 cup sugar
3 eggs
1 cup flour
1/4 tsp salt
2 tsp baking powder
1 tsp ground cinnamon
1/2 tsp ground nutmeg
1/2 tsp ground cloves
1/2 cup milk
1 cup raisins
1 cup chopped walnuts or pecans
3/4 cup applesauce (I like to use my homecanned sauce - store bought will work well too)
1 cup regular oats

Mix all ingredients well in a mixing bowl. Pour batter into a greased and floured bundt pan or 9x13 cake pan. Bake at 350 degrees for 45-50 minutes. If using the bundt pan - cool for 15 minutes then invert onto a plate for serving.