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Combine pancake mix, sugar, vanilla and milk, stirring until blended.
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Drop rounded half-teaspoons into hot fat, frying 4-6 balls at a time.
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Fry until brown and drain on paper towels.
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Roll warm doughnut balls in mixture of sugar and cinnamon.
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For large amounts, mix and fry consecutive batches.
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DO NOT DOUBLE THE RECIPE: The longer the batter stands, the more leavening power it loses.