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Preheat oven to 350F.
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Core apples to form a cavity.
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Stand apples in buttered baking dish and set aside.
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In a small saucepan, heat honey and butter until blended.
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Remove from heat and stir in vanilla.
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Fill cavities of apples evenly with honey mixture.
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Bake for 45 minutes or until apples are tender.
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While apples are baking, pour a half cup of water into heavy saucepan.
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Pour sugar into center of pot, keeping sugar from sides of pan.
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Bring to boil over high heat.
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Continue boiling until syrup is thick and amber-coloured, about 15 minutes.
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In separate saucepan, heat heavy cream to simmer.
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Remove sugar syrup from heat; slowly whisk hot cream into syrup until smooth.
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Whisk in butter; stir in pecans.
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To serve, carefully place apple on plate.
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Top with warm sauce.