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Cream butter and sugar together.
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Add eggs, flour, milk, baking soda, cocoa, red food coloring, and vanilla. Blend on low, scraping constantly.
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Beat 3 minutes on high speed.
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Pour into two 9 inch round cake pans that have been greased and floured. Bake at 350° for 30-35 minutes.
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Cool thoroughly.
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Whip heavy cream with confectioners' sugar.
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Slice each cake round horizontally to make four layers.
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Place one layer on flat plate.
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Fill pastry bag with whipped cream and pipe a generous ring around edge of cake layer.
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Fill exposed ring of cake with cherry pie filling.
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Place third layer on top, and frost entire cake with whipped cream.
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Crumble the fourth layer into fine crumbs and sprinkle on sides of cake.
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Using whipped cream, pipe 12 rosettes on top of cake and top each with a maraschino cherry.
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Garnish the center top of cake with the rest of the chocolate crumbs.