Preheat oven to 350 degrees. Grease and flour 4-5 mini loaf pans, or 1 large 9 x 5-inch loaf pan.

Combine all ingredients for cake in a medium bowl and beat with an electric mixer until well blended. Pour into prepared pans.

Bake at 350 for 40-50 minutes for mini loaves (about 1 hour for single loaf), or until a wooden pick inserted near the center comes out clean. Cool in pan on wire rack for 10 minutes before turning o to wire rack to cool completely.

While loaves cool, make the glaze by combining powdered sugar and nutmeg in a small bowl. Gradually add eggnog until glaze reaches desired consistency. Spread glaze over cooled loaves, allowing it to run down the sides. Let glaze set before slicing and serving pound cake.