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Place water, milk, shortening, salt, flour, sugar and yeast in the pan of the bread machine in the order recommended by the manufacturer.
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Select cycle; press Start.
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If your machine has a Fruit setting, add the raisins at the signal, or about 5 minutes before the kneading cycle has finished.
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Take dough out after first kneading cycle has finished.
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(If you don't have a bread machine just knead by hand for a good 10 min, or until throughoully combined).
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Turn dough out onto a lightly floured surface and roll out into a rectangle.
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Spread dough with butter, brown sugar, and cinnamon.
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Roll dough, and divide into two parts.
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Place loaves in two lightly greased 9x5 inch bread pans.
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Cover and let rise in a warm place until doubled in size, about 1 hour.
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Preheat oven to 350 degrees F (175 degrees C).
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Brush tops of risen loaves with melted butter and bake in preheated oven for 30 to 40 minutes, until crust is brown and loaves sound hollow when tapped.