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In a large bowl, cream together shortening and 1 cup sugar until smooth. Beat in the egg, then stir in the cream and vanilla.
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Combine 3 1/2 cups flour, baking powder, baking soda and salt; stir into the creamed mixture.
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Cover and refrigerate dough for 2 hours, or until firm.
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To make the filling: In a medium saucepan over medium heat, stir together 1/2 cup of sugar and 1 tablespoon flour.
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Mix in the raisins, walnuts and water.
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Cook until thickened, stirring constantly.
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Remove from heat and allow to cool.
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Preheat oven to 350 degrees F (175 degrees C).
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Grease cookie sheets.
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On a floured surface, roll out dough to 1/4 inch thickness.
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Using a round cutter, cut out 48 circles 2 1/2 to 3 inches in diameter. Assemble the cookies by placing one onto the cookie sheet, place a teaspoon of filling in the center, then cover with another cookie.
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Press the edges together with a fork to seal.
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Repeat with remaining dough, spacing cookies 2 inches apart.
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Bake for 12 to 15 minutes in the preheated oven, or until edges are golden brown.
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Remove from cookie sheets to cool on wire racks.
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CAUTION: Filling will be extremely hot.