: Dry Ingredients
1
: Sift dry ingredients together.
: Wet Batter Ingredients
2
: With electric mixer on medium speed beat pumpkin and sweetened condensed milk together until smooth. Add remaining ingredients in order, beating well after each addition.
: Combine
3
: With mixer on low speed, add dry ingredients into wet batter ingredients, mixing just until mixed.
: Bake
4
: Pour into 2-9" (23 cm) greased and floured round baking pan and bake in preheated 350°F (180°C) oven until toothpick inserted in center comes out clean, about 35 minutes. Turn cakes out onto wire rack. Cool completely.
: Frosting
5
: With electric mixer beat cream cheese and butter together until smooth. Beat in remaining ingredients. Place one cake layer, rounded side down, on cake plate. Cover with one third of the icing. Place second layer on top, rounded side up. Frost sides and top with remaining icing. Chill.