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On medium speed, cream the butter and gradually add in the sugar; beat until fluffy.
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Add the cream cheese and mix well.
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Add eggs, one at a time, and beat just until combined.
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Gradually add the flour and beat on low speed until combined.
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Scraped the bowl frequently.
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Add the extracts.
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Pour 1/3 of the batter in a greased tube pan.
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Spoon 8 rounded teaspoonfuls of glaze on the batter and swirl it around.
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Repeat with 1/3 batter and glaze.
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Add the remaining batter on top.
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Bake at 350 degrees for 1 hour to 1 hour 10 minutes or until the cake tests done.
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Cool on a wire rack for 15 minutes; remove from the pan and let the cake completely cool.