Ingredients:

  Amount  Measure       Ingredient -- Preparation Method
--------  ------------  --------------------------------
     3/4  cup           butter -- softened
     1/4  cup           granulated sugar
   2      teaspoons     vanilla extract -- OR
                        almond extract
   2      teaspoons     water
   2      cups          all purpose flour
                        --Garnish--
   1      tablespoon    confectioners sugar -- OR
                        vanilla sugar

Preparation:

Preheat oven to 350F. Beat together butter and sugar at medium speed until light and fluffy. Beat in vanilla and water. Beat in flour until smooth. On a floured surface, using a floured rolling pin, roll dough to a 1/2 inch thickness. Using a 1 inch round cookie cutter, cut out cookies. Gather trimmings, re-roll, and cut out more cookies. Place cookies, 1 inch apart, on an ungreased baking sheet. Bake until set and golden, 18 to 20 minutes. Transfer cookies to a wire rack to cool. Sprinkle with confectioners sugar. Baking Tips: If using almond extract, sprinkle cookies with finely ground almonds before baking. If you don't have a 1 inch cookie cutter, you can use a napkin ring instea