Preheat oven to 350^. Grease and flour or spray two 8-inch layer pans.Set aside.
Combine salad dressing and sugar. Blend in vanilla. Add sifted dry ingredients to salad dressing mixture alternately with water, mixing well after each addition. Pour into prepared pans and bake for 25-30 minutes. Cool 10 minutes; remove from pans. Frost with:
Chocolate "Philly" Frosting:
Combine cream cheese, milk, vanilla and salt. Mix until well blended. Gradually add the sifted powdered sugar. Stir in melted chocolate. Spread between and sides of cake ,frosting top last.