Heat oven to 350. Grease & flour two 9 x 5 loaf pans.
Using electric mixer, med. Speed, cream butter in large bowl, gradually adding sugar.
Add eggs, one at a time, beating well after each one.
Add vanilla & pumpkin.
In med. bowl combine flour, soda, baking powder, salt & spices. Mix well.
With wooden spoon blend a third of the flour mixture into the butter mixture, add half the milk
Alternate remaining flour & milk.
Fold in Choc. Chips & nuts. Bake for 50 to 60 min.
After baking let stand in pan for about 15 min. Then remove loaf from pan.