1. Heat oven to 350°F. Grease 9x5x3-inch loaf pan.
2. Stir together flour, sugar, baking powder, salt and baking soda in large bowl. Add orange juice, orange peel, shortening and egg; stir with spoon until well blended. Stir in cranberries, small chocolate chips and nuts. Pour batter into prepared pan.
3. Bake 1 hour and 5 to 10 minutes or until wooden pick inserted in center comes out clean. Cool 10 minutes; remove from pan to wire rack. Prepare POWDERED SUGAR GLAZE, if desired; spread over top of loaf. Cool completely. 1 loaf (16 servings).
POWDERED SUGAR GLAZE: Beat 1 cup powdered sugar, 1 tablespoon milk, 1 teaspoon softened butter and 1/2 teaspoon vanilla extract in small bowl until smooth. (If thinner glaze is desired; add additional milk, 1 teaspoon at a time.) About 1/2 cup glaze.