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Heat oven to 350.
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Stir together flour & 3/4 Cup sugar. Cut in butter until crumbly. Save 1 cup mixture for topping later.
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To remaining mixture add sour cream, egg, baking powder, baking soda and almond extract.
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Beat medium speed until well mixed.
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Spread batter over bottom and 2 inches up side of greased & floured 9" springform pan.
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In small bowl combine 1/4 cup sugar, cream cheese and egg.
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Beat at medium speed until smooth.
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Spread mixture over batter to within 1/2 inch from edge.
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Spread preserves over cream cheese mixture.
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Sprinkle almonds and the 1 cup reserved crumb mixture over preserves.
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Bke 45 - 60 minutes or until cream cheese filling is set and cake is a dark golden brown.
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Cool 15 minutes and remove side of pan.
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Center will settle slightly.
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Store in refrigerator.