Mix together 1/2 cup butter, chopped pecans, crushed vanilla wafers, and 1/3 cup sugar.

Pat mixture on the bottom and sides of 2 greased loaf pans.

Cream remaining butter and sugar until light and fluffy.

Add eggs and beat well.

Mix milk and vanilla and add to batter alternately with sifted dry ingredients, starting and ending with dry ingredients.

Pour into 2 prepared loaf pans and bake at 350 degrees until cake test done in the middle.

Turn out on cake racks to cool immediately.