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Chocolate Pound Cake

1 cup butter or margarine, softened
1 cup shortening
3 cups sugar
5 large eggs
3 cups all-purpose flour
1/4 cup cocoa
1/2 teaspoon baking powder
1/2 teaspoon salt
1 cup milk
1 tablespoon vanilla extract
 
Beat butter and shortening at medium speed with an electric mixer about 2 minutes or until creamy.  Gradually add sugar, beating at medium speed 5 to 7 minutes.  Add eggs, one at a time, beating just until yellow disappears.
 
Combine flour and next 3 ingredients; add to butter mixture alternately with milk, beginning and ending with flour mixture.  Mix at low speed just until blended after each addition.  Stir in vanilla.  Pour batter into a greased and floured 10-inch tube pan.
 
Bake at 325 deg. for 1 hour and 30 minutes or until a wooden pick inserted in center of cake comes out clean.  Cool in pan on a wire rack 10 to 15 minutes; remove from pan, and let cool completely on wire rack.