from Better Homes & Gardens

3 1/2 cups flour
1 Tbl baking powder
1 tsp ground cinnamon
3/4 tsp salt
1/2 tsp nutmeg
1/3 cup milk
1/2 cup shortening, melted
4 eggs, beaten
2/3 cup sugar
Oil for frying
Cinnamon-Sugar or powdered sugarCombine flour, baking powder, cinnamon, salt and nutmeg; set aside. In another
bowl combine milk and melted butter. In a large mixing bowl combine eggs, and
sugar; beat with electric mixer until thick (about 5 minutes). Add milk
mixture; stir with a wooden spoon to combine. Add flour mixture and stir with a
wooden spoon until smooth. Cover dough; chill at least 2 hours (dough will
remain slightly sticky).
Turn dough out onto a lightly floured
surface. Roll dough to 1/2-inch thickness. Cut dough with a floured 2-1/2-inch
round doughnut cutter .  Fry 2 or 3
doughnuts at a time in deep hot fat (375 degrees F) for 2 to 2-1/2 minutes or
until brown, turning halfway through cooking with a slotted spoon. Drain on
paper towels. Repeat with remaining doughnuts and doughnut holes. Shake warm
doughnuts in a bag with Cinnamon-Sugar: ( 1/2 cup granulated sugar, 1 tsp
ground cinnamon) or powdered sugar. Serve warm  Makes about 15 doughnuts and doughnut holes.  Calories 382

http://www.bhg.com/recipe/breads/best-doughnuts/