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Melt chocolate over hot, not boiling water.
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Cool slightly and add vanilla.
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Cream butter and 1 cup sugar until light and fluffy.
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Add chocolate.
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Add egg yolks, one at a time, mixing after each addition.
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Sift dry ingredients together and add alternately with buttermilk.
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Stir in pecans and coconut (optional).
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Mix only enough to blend.
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Whip egg whites and second cup of sugar to a soft peak.
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Gently fold whipped egg whites into chocolate mixture.
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Pour into a 9x13 pan or 2 8" round pans.
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Bake at 350~ for 40-45 minutes or until done.
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White Chocolate Icing: In medium saucepan combine melted chocolate and flour (all-purpose).
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Blend in milk, cook over medium heat, stirring constantly until thick.
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Cool completely.
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In large mixing bowl cream butter, sugar and vanilla.
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Beat until light and fluffy.
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Gradually add completely cooled chocolate mixture.
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Beat until well blend.
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Do not over-mix or it will become soupy.
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Spread between layers, on top and on sides of cake.
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Sprinkle cake with coconut or with anything else that you like.