Elizabeth Dole's Pecan Roll Cookies

1 cup butter, softened
1/4 cup confectioners' sugar
1 tablespoon cold water
1 teaspoon vanilla extract
2 cups all-purpose flour
2 cups chopped pecans
1/3 cup confectioners' sugar for decoration

Preheat oven to 275°F (135 degrees C).

Beat butter or margarine and sugar until creamy. Beat in water and vanilla. Gradually beat in flour. Stir in chopped pecans.

With floured hands, roll 2 teaspoons dough for each cookie into an oblong shape. Press slight indentation down the center of each cookie with a knife.

Bake on greased baking sheets for 45 minutes. Roll in confectioners' sugar while still warm.