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Beat butter, sugar and vanilla in a large bowl with mixer until fluffy.
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Add pecans and mix until blended.
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With mixer on low, gradually beat in flour just until blended.
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Wrap dough and chill 2 hours or until firm enough to handle.
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Heat oven to 325.
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Divide dought into 8 equal pieces.
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On a lightly floured board, form each piece into a 1/2 inch thick rope, the cut into 1 1/2 inch lengths.
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Taper ends, then bend into crescent shapes.
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Place 1 inch apart on ungreased cookie sheets.
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Bake 12-15 minutes until light golden brown and firm.
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While warm, roll in confectioners sugar to coat.
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Let cool on racks.