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In medium saucepan, stir together sugar, cornstarch, flour and salt; stir in eggs until mixture is well blended.
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Gradually stir in milk.
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Cook over medium heat, stirring constantly with whisk, until mixture boils; boil and stir 1 minute.
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Remove from heat; stir in butter and vanilla.
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Stir in coconut until blended; pour into baked pie crust.
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Press plastic wrap directly onto surface; refrigerate 6 to 8 hours or until set.
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Just before serving, spread with whipped cream; sprinkle with toasted coconut.
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Cover; refrigerate leftover pie.
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8 servings.
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Variation: You can also toast the coconut before adding it to the pie.
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Preheat oven to 350 degrees.
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Spread evenly on cookie sheet, stir once or twice while baking for 5 to 10 minutes, until light golden brown.