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preheat oven to 350°F.
combine apricots and water in a heavy saucepan. bring to boiling, reduce heat and simmer, uncovered, for 10 minutes or until water is absorbed. cool.
combine flour, sugar, baking powder, salt, and baking soda in a large bowl. stir in nuts.
combine apricots, egg, buttermilk, and crisco. add to dry ingredients and stir only until dry ingredients are moistened.
turn batter into a greased (bottom only) 9- x 5- x 3-inch loaf pan.
bake at 350°F for 55 to 60 minutes or until a toothpick inserted in center comes out clean.
cool for 10 minutes in pan on rack. remove from pan; cool completely before slicing.