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Beat butter and confectioner's sugar until light and fluffy.
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Beat in egg, vanilla and almond extract until well blended.
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In a separate bowl, combine flour and salt then add to butter mixture.
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Divide dough in half. Blend in food coloring to one half.
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Work with 1/4 of the plain dough and 1/4 of the tinted dough. Keep remainder of dough in the refridgerator until ready for use to keep it from drying out while making the cookies.
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Roll 1/4tsp of the plain dough into a 4 inch-long rope. Repeat with 1/4 teaspoons of the tinted dough.
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Holding the ends, twist the two ropes together and place on an ungreased cookie sheet, curving one end to look like a candy cane.
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Repeat placing the cookies 1 inch apart on the cookie sheet.
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Bake at 375°F for about 10 minutes. Remove immediately from cookie sheet; cool on rack.