Directions

1. Let eggs stand at room temperature for 30 minutes. In a large mixing bowl, cream the shortening, butter and sugar until light and fluffy. Add egg yolks, one at a time, beating well after each addition. Beat in vanilla. Combine the flour and baking soda; add to creamed mixture alternately with buttermilk. Stir in walnuts and coconut.
2. In another mixing bowl and with clean beaters, beat egg whites and cream of tartar on high speed until stiff peaks form. Fold a fourth of egg whites into the batter, then fold in remaining whites.
3. Pour into three greased and floured 9-in. round baking pans. Bake at 350 degrees F for 28-30 minutes or top springs back lightly when touched. Cool for 10 minutes before removing from pans to wire racks to cool completely.
4. Spread raspberry preserves over the top of two cake layers. Refrigerate for 30 minutes. Meanwhile, in a large mixing bowl, beat the cream cheese, butter and confectioners' sugar until fluffy. Beat in vanilla. Place one raspberry topped cake layer on a serving plate. Spread with some of the frosting. Repeat with second raspberry topped cake layer. Top with plain cake layer. Spread remaining frosting over the top and sides of cake. Sprinkle with nuts. Store in the refrigerator.