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Preheat oven to 425°F. Spray Doughnut Pan with non-stick cooking spray.
In large bowl, sift together flour, sugar, baking powder, salt and nutmeg. Add buttermilk, egg and butter; stir until just combined. Fill each doughnut cavity approximately 1/2 full.
Bake 4-6 minutes or until the top of the doughnuts spring back when touched. Let cool in pan for 4-5 minutes before removing. Finish the doughnuts with glaze, sprinkles or cinnamon sugar.