Preparation

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  In a small mixing bowl, dissolve yeast in water and sugar. Stir well and allow to raise in a warm place. In the mixing bowl of an electric mixer, combine flour, yeast mixture, sugar, butter, eggs. Mix dough at low speed until it becomes elastic and smooth and does not stick to sides of bowl.
  Shape dough into a ball. Cover with plastic wrap and let rise at room temperature until triple in volume. Punch the dough. Again shape into a ball.
  Cover and refrigerate overnight.
  To bake the panettone, I use an empty 2 pound coffee can lined with buttered brown paper.
  On a floured surface, work the lemon and orange peel and raisins into the dough.
  Drop dough in the prepared mold. Preheat oven at 350 degrees. Let dough rise at room temperature until triples in volume. Brush dough with warm milk.
  Bake about 55 minutes to 1 hour.