In a large bowl, combine butter, sugar and eggs; mix well. Combine the flour, baking powder and salt. Stir into butter mixture alternately with eggnog; mix only until dry ingredients are moistened. Fold in pecans, raisins and cherries.
Spoon into a greased 8-in. x 4-in. loaf pan. Bake at 350° for 70 minutes or until bread tests done. Yield: 16 servings.