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Melt butter and oil in a medium saucepan. Add onion and cook stirring until tender.Add rice and stir for 2 minutes or until rice is coated with butter.
Add mushrooms, salt and 2 cups boiling water. Combine thoroughly and cover saucepan. Lower heat and cook for 18 minutes or until rice is just cooked.
If desired add parmesan cheese and 1/3 cup heavy cream and combine.Remove from heat and mix with a fork.This rice can be served with meats
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