Chocolate Chip Cake with Chocolate Glaze

This baby has become a recent obsession of mine. Seriously, I've made it three times in the last month. It's super yum, looks fancy, and is really easy to make. This recipe comes from the Pillsbury Complete Book of Baking. Without any further ado, here it is! Enjoy!
Cake:
1/2 c. butter, softened
1 (8 oz.) package cream cheese, softened
1 c. sugar
1 tsp. vanilla
2 eggs
2 c. all purpose flour
1 tsp. baking powder
1/2 tsp. baking soda
1/4 tsp. salt
1/4 c. milk
1 c. semi-sweet chocolate chips

Preheat oven to 350 degrees. Grease a 12 cup Bundt pan. In a large bowl, beat butter, cream cheese, and sugar until light and fluffy. Add vanilla; add eggs 1 at a time, beating well after each addition. Combine dry ingredients and add to cream cheese mixture; mix well. Stir in milk and chocolate chips. Mixture will be very thick. Spread in greased pan.

Bake for 30-40 minutes or until toothpick inserted in center comes out clean. Cool upright in pan 15 minutes; invert onto serving plate, drizzle glaze over cooled cake.

Glaze:
2 c. powdered sugar
2 Tbsp. butter, melted
1 tsp. vanilla
3-4 Tbsp. milk
2 oz. unsweetened chocolate, melted


Combine all ingredients, adding enough milk to reach desired consistency. Whipping this also makes an excellent frosting!