1. Heat oven to 350°F. Grease three 5-3/4x3-1/4x2-inch mini loaf pans.
2. Combine flour, sugar, baking powder, salt, baking soda, applesauce, shortening and eggs in large bowl. Beat on medium speed of mixer until well blended. Stir in cinnamon chips and walnuts. Divide batter evenly into prepared pans.
3. Bake 45 minutes or until wooden pick inserted in center comes out clean. Cool 10 minutes; remove from pans to wire rack. Cool completely. Sift with powdered sugar, if desired. 3 small loaves.
MUFFINS: Line muffin cups (2-1/2 inches in diameter) with foil or paper baking cups or spray with nonstick cooking spray. Fill cups 3/4 full with batter. Bake 18 to 22 minutes or until wooden pick inserted in center comes out clean. Cool 10 minutes; remove from pan. Cool completely. About 1-1/2 dozen muffins.