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If you have concerns about saturated fat content, try baking a devils-food cake instead of a fudge or chocolate cake.
The difference between the two is that chocolate cake contains baking chocolate and butter (and sometimes sour cream), whereas devils-food contains cocoa powder and vegetable oil.
The crumb of devils-food cake isn't as fine, but devils-food is even moister and tastes just as good. Some people--including my daughter and my husband--even prefer it!