In mixing bowl, combine flour, baking soda, salt, cinnamon and nutmeg. With mixer at medium speed, beat together oil, sugar, eggs and vanilla. Gradually add flour mixture, beating until smooth. Fold in apples, pecans and raisins. Pour into greased and floured 10 inch tube pan. Bake at 325 for 1 hour and 15 minutes, or until toothpick inserted in center comes out clean. Cool 10 minutes, then remove from pan.
Source: Favorite Apple Recipes.
Use icing of your choice. The one shown is caramel. I really prefer plain confectioner's sugar dusted on.