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Preheat oven to 350 degrees.
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Line muffin pan with foil baking cups.
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Cut almond paste into 16 pieces and pat into a round disc (about 1 1/2 inches across).
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In mixer cream butter and sugar until fluffy.
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Beat in eggs then add baking powder, soda and extract.
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Fold in 1 cup flour, buttermilk then remaining flour until well blended.
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Spoon about 2 tablespoons batter into each cup and smooth surface.
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Top with level teaspoonful of preserves, then the piece of almond paste.
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Top each muffin with another 2 tablespoons of batter.
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Bake 25 minutes or until lightly brown.