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Combine warm water & pinch of sugar in small bowl
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Sprinkle yeast over top - stir
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Let yeast mixture sit approx 5-10 minutes - it should look frothy when done
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Place shortening, warm milk, sugar, salt & egg in mixer bow with dough hook attachment - mix on medium
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Add yeast mixture & mix well
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Slowly add flour - kneading on medium for about 1-3 minutes
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Place in a greased bowl - cover & let sit in a warm place to rest about 20 minutes
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Spray your bundt pan with cooking spray
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Now make the coating by melting the butter in one small bowl
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In another small bowl combine remaining coating ingredients & mix with a fork
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Sprinkle a small portion of this mixture in the bottom of the bundt pan
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When dough is done resting - pinch off 1/2 -1 inch pieces & roll into balls
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Dunk each ball of dough in melted butter & then roll in sugar & spice mixture & place in bundt pan
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Continue until all the dough is coated
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Cover with plastic wrap & let rise about 1 hour or until double in size
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Preheat oven to 350 degrees
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Bake monkey bread 30-35 minutes
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Allow to cool in pan at least 30 minutes
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Invert onto plate to remove
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Make icing by combining all ingredients & whisking until smooth
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Drizzle over the top of the bread or use as a dipping sauce