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Preheat oven to 350 degrees F.
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Mash the banana in a large bowl, add the applesauce.
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Add the cake mix, egg, and water.
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Mix well.
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Split batter into 3 portions in separate bowls.
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Add 3 tablespoons of one color of gelatin to each bowl. (Example: Yellow in one, green in another, pink in the third)
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Mix the batter and gelatin until batter is colored.
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Prep muffin tin with cupcake liners.
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Poor batter into cupcake liners about 3/4 full.
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Bake the cupcakes for 18-20 minutes. Makes 2 dozen cupcakes
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While cupcakes are baking, prepare the frosting.
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In a bowl, add milk to the instant pudding mix.
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Mix well until there are few to no lumps.
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In a separate bowl, pour in whipping cream.
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Mix whipping cream with a hand or stand mixer until peaks form.
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Gently fold the whipped cream into the vanilla pudding.
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Separate the pudding mixture into 3 separate bowls.
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Add 3 tablespoons of one color of gelatin to each bowl of pudding mixture.
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Mix gently until blended well.
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Add additional gelatin until color is desired. (Note: adding pink gelatin to vanilla pudding will result in a more orange color than pink)
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Wait until cupcakes have cooled to add the frosting.
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Refrigerate frosted cupcakes.