1/2 cup warm water
1 teaspoon sugar
1 tablespoon active dry yeast
1 1/2 cups water
1/2 cup milk
3 tablespoons margarine
3 tablespoons sugar
2 teaspoons salt
5 1/2 to 6 1/2 cups flour
(2 eggs) if making buns
Combine warm water and 1 teaspoon sugar. Sprinkle with yeast. Let stand 10 minutes. Stir well.
Combine 1 1/2 cups water, milk and margarine. Heat until liquids are warm and margarine melts. Stir in 3 tablespoons sugar and salt. (and 2 eggs if your making buns) Allow to cool 5 minutes.
Add yeast. Beat in 2 cups of flour until smooth. Stir in additional flour to make a soft dough. Turn onto floured board. Knead until smooth and elastic. Place in greased bowl. Cover. Let rise about one hour until double in bulk. Punch dough down. Turn onto floured board, cover, and let rest for 15 minutes.
Divide dough in half and shape into loaves or shape into 24 buns. Place in greased loaf pans. Cover. Let rise about one hour until double in bulk.
Bake at 375°F 45-55 minutes for bread or 400°F 30-40 minutes for buns.