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Preheat oven to 350 degrees.
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Grease and flour (3) 8 inch cake pans.
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Using a mixer, cream butter until fluffy.
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Add sugar and continue to cream for about 7 minutes.
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Add eggs one at a time. Beat well after each egg is added.
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Add flour and milk (alternating to creamed mixture), beginning and ending with flour.
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Add vanilla and butter flavoring to mix; until just mixed.
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Divide batter equally into three cake pans.
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Hold each layer about 3 inches above your counter and carefully drop the pans flat onto counter several times to ensure release of any air bubbles. This will help you have a more level cake.
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Bake for 25 - 30 minutes (depending on your oven) until done.
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Cool in pans for 5 - 10 minutes.
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Remove and immediately wrap each layer in plastic wrap to seal in moisture. Cool completely on wire racks.