Carrot Cake

I plan on subbing at least some of the oil for applesauce next time I make it.  I'll try to remember to post how it turns out.

1 1/2 cups oil
2 cups sugar
4 eggs
2 cups flour
1 tsp baking powder
1 tsp soda
1/4 tsp salt
2 cups grated carrots
1 cup nuts
1 tsp cinnamon
1 tsp vanilla

Bake 40 minutes at 350.

Frost with cream cheese frosting after the cake has cooled:

1 8oz package cream cheese
1 cube margarine
1 lb powdered sugar
1 tsp vanilla