Grease and lightly flour a 13x9x2 inch baking pan. Combine the first 7 ingredients. In a mixer bowl beat butter with electric mixer for 30 seconds. Add sugar and beat till well combined. Add eggs one at a time, beating one minute after each. Add dry ingredients and applesauce alternating between each one beating on low speed. Stir in raisins and nuts. poor into pan. Bake in a 350 degree oven for 45 minutes or until cake is done. Cool on a wire rack.