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Preheat oven to 350 degrees.</span>
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Spray 2 doughnut pans with non-stick cooking spray.
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Crush M&M's® Strawberry and set aside.
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Mix dry doughnut ingredients together in a large bowl.
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Whisk together strawberry jam, milk, egg, vanilla and melted butter.</span>
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Make a well in the center of the dry ingredients and add the wet. Mix by hand just until incorporated.
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Carefully fill the doughnut tin 3/4 of the way full.
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Bake for 15 minutes.
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Allow to cool on a rack.
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To make Strawberry Cream Cheese Glaze
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Add softened cream cheese, sifted powdered sugar and jam to a bowl. Beat well with a hand mixer.
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Gradually add in 3 tablespoons milk and continue beating until desired consistency is reached. If the frosting is too thick, add more milk, one tablespoon at a time.
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Dip each doughnut in the frosting and sprinkle with M&M's® Strawberry.