1Heat oven to 350 Lightly spray 2 (9" round cake pans,)w/ cooking spray. In bowl, sift together flour, baking powder, salt and baking soda. In lg bowl, w/mixer on med-high, beat "butter", sugar and Splenda until light & fluffy. Add preserves, then add eggs. Add vanilla and some red food coloring, ( enough just to make it pinkish.) Reduce speed on mixer to low, add flour mix, alternately w/ buttermilk, ending w/ flour mix. Divide batter evenly among pans. Bake 25-30 min, or until a toothpick inserted in center comes out clean. Cool completely. In lg bowl, beat cream cheese and butter until smooth. Add preserves and vanilla. Beat until combined. Beat in powdered sugar until smooth and frosting consistency. Frost cooled cake. I always add a few fresh sliced strawberries to the top of the cake, before slicing.