Starlight Double Delight Cake

Frosting
2 (3 oz) pkg cream cheese, softened
1/2 cup margarine or butter, softened
1/2 tsp vanilla
1/2 tsp peppermint extract
6 cups (1 1/2 lb) powdered sugar
1/4 cup hot water
4 oz (4 squares) semi-sweet chocolate, melted

Cake
2 cups frosting, prepared as directed above
1/4 c margarine
3 eggs
2 cups flour
1 1/2 tsp baking soda
1 tsp salt
3/4 cup milk

Heat oven to 350°. Grease and four two 9 inch round cake pans. In a large bowl, combine cream cheese, 1/2 cup margarine, vanilla and peppermint extract; blend until smooth. Add powdered sugar alternately with hot water, beating until smooth. Blend in chocolate.

In another large bowl, combine 2 cups of the frosting mixture and 1/4 cup margarine; blend well. Beat in 1 egg at a time, beating well after each addition. Lightly spoon flour, baking soda, salt and milk; beat until smooth. Pour batter evenly into greased and floured pans. Bake for 30 to 40 minutes or until toothpick inserted in center comes out clean. Cool 5 minutes; remove from pans. Cool completely. Frost.