Cream butter, sugar and cream cheese. Add eggs one at a time beating well
after each addition. Beat in vanilla extract. Add flour and mix well. Pour into
15 x 10 x 1 inch jellyroll pan.
Bake at 325 degrees F for 30-35 minutes.
Frosting: Combine sugar and milk in saucepan. Bring to a boil over medium
heat. Cover and cook for 3 minutes (don’t stir!) Stir in butter and chocolate
chips until melted – cool slightly. Stir and spread over cake.