Preheat oven to 350 °F. Grease and flour 10 inch angel food cake Bundt cake pan.
Cream together butter, white granulated sugar, and vanilla until smooth and combined together.
Add eggs and applesauce and combine well. Add remaining ingredients and beat until all is smooth.
Pour evenly into a pan and bake for 50-60 minutes or until a toothpick comes out clean from center of cake. Place on wire rack to completely cool and dust with powdered sugar.