Sift together dry ingredients; stir in oats and sugar. Cut in butter till crumbly; pat 2/3 crumbs in 11 X 7 X 1 ½ inch pan. Spread with preserves; top with remaining crumbs. Bake in moderate oven (375 degrees) about 35 minutes. Cool. Optional: add chopped nuts, butterscotch chips to crumb mixture.
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