Preparation:
Preheat oven to 325 oF. Combine first 4 ingredients in a bowl; stir well, and set aside.
Trim fat from lamb, and sprinkle with salt and pepper. Place lamb on a broiler rack coated with cooking spray; place rack on a broiler pan. Brush lamb with sherry mixture.
Bake at 325 oF for 2 hours and 15 minutes or until meat thermometer registers 140 (rare) or until desired degree of doneness, basting occasionally with sherry mixture. Remove lamb from oven, and let stand 10 minutes before slicing.
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