1/2 cup butter OR margarine, sliced 1/4-inch thick
1/4 cup butter OR margarine, softened
1/2 cup sugar
1/2 cup almond paste
1 egg white
1/2 teaspoon almond extract
2 to 3 tablespoons milk
1 teaspoon almond extract
1-3/4 cups sifted powdered sugar
Sliced almonds for garnish
Combine 2 cups flour, yeast, sugar and salt in a mixing bowl. Heat milk and butter in a glass measuring cup in a microwave on HIGH for 2 minutes or until temperature reaches between 120° to 130°F. Stir heated milk into flour mixture. Add egg and beat with an electric mixer for 3 minutes.
Add enough remaining flour to form a soft dough. Knead dough for 4 to 6 minutes. Let rest for 10 minutes.
Mix together filling ingredients; set aside.
Roll out dough to three 4x18-inch rectangles. Spread filling evenly on each piece of dough. Roll up each piece lengthwise, similar to a jelly roll. Pinch to seal the seam.
Braid all three pieces together and place on greased baking sheet. Cover and let rise about 1 hour or until doubled in size. Bake at 375°F for 30 to 35 minutes.
Combine glaze ingredients; drizzle over warm braid. Garnish with slivered almonds.