Glazed Almond Bundt Cake

1 cup butter, softened
2 cups sugar
4 eggs
1-1/2 tsp. almond extract
1-1/2 tsp. vanilla extract
2-1/2 cups flour
2 tsp. baking powder
1/2 tsp. salt
1/2 cup ground almonds
1 cup milk
GLAZE: (optional)
1/4 cup milk
3/4 cup powdered sugar
1/2 tsp. almond extract
1/2 cup toasted sliced almonds

Heat oven to 350. Grease and flour 10" Bundt pan. Mix together the
flour, baking powder, salt and ground almonds. Set aside. In a large
bowl, cream together the butter and 2 cups sugar until light and
fluffy. Beat in the eggs, one at a time, then stir in the almond
extract and vanilla. Beat in the flour mixture alternately with 1 cup
milk, mixing just until incorporated. Pour batter into prepared pan.
Bake 60 to 70 minutes, or until a toothpick inserted into the center
of the cake comes out clean. Cool for 10 minutes and invert on a wire
rack. Cool 10 minutes longer. Place rack on waxed paper. Combine glaze
ingredients; pour over warm cake.