Preheat oven to 350ºF.

Melt butter and chocolate together in a bowl over barely simmering water.

In a separate bowl, using an electric mixer beat eggs and sugar until light, fluffy, and pale in colour.

Incorporate melted butter and chocolate into the egg and sugar mixture.

Add sifted flour, pecans and cherries and mix well.

Butter one 8-inch round cake pan, pour mixture into pan and bake for 55 to 60 minutes or until set.

Cool completely on wire rack.

Cake can be frozen for later use.