Preheat oven to 325° F. Grease and flour 10-inch tube pan.
Beat confectioners' sugar and butter until light and fluffy. Blend in vanilla and almond extract. Add eggs one at a time, beating thoroughly after each addition. Stir together flour, baking powder and salt in small bowl; gradually add to sugar mixture alternately with milk, beating after each addition until smooth.
Pour batter into prepared pan and bake for 1 hour-1 hour 15 minutes or until toothpick inserted in the center of the cake comes out clean. Cool 10 minutes in pan; turn out on cooling rack. Cool completely.
Makes 16 servings.
Once upon a time, the pound cake was so named because it combined a pound each of butter, sugar, eggs and flour.