Ingredients

• 3 cups confectioner's sugar; sifted 
• 1/4 cup hot water 
• 1 teaspoon vanilla 
• 1 egg 
• 3 ounces unsweetened baking chocolate melted 
• 6 tablespoons butter or margarine; softened 
• 1/4 cup chopped walnuts 

Method 

Combine sugar, water, and vanilla in small mixing bowl. Add egg and chocolate; mix well. Add butter, a tablespoon at a time, beating thoroughly with electric mixer after each addition. If mixture is thin and soft after last addition of butter, place bowl in pan of ice water. Continue to beat until reaches spreading consistency. Stir in nuts. 
   
Yield: Will cover 2 (8- or 9 inch) layers or tops of 3 dozen cupcakes or 1 bundt cake.