Two methods for moist cake:
I always add a box of pudding plus an extra egg to the box mix. When the cake is cooled enough to turn out of the pan, I cover with a terry towel and put a plastic bag on top until completely cool and ready to ice.
My friend who bakes awesome cakes lets her cake cool 10 - 15 minutes then wraps the cake tightly in aluminum foil and freezes it for at least an hour. Her chemistry lesson is this: hot + cold = moisture.
Hope this helps,
NottawaChelle
i agree with the whole freezing thing..........all of the cakes that I've made in advance and frozen taste MUCH MUCH more moist than ones that were baked and decorated without freezing!
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