Ingredients:

  Amount  Measure       Ingredient -- Preparation Method
--------  ------------  --------------------------------
     1/4  cup           rum
   1      tablespoon    shallots -- chopped
   4      tablespoons   butter or margarine
   1      tablespoon    parsley -- chopped
   2      teaspoons     lime juice
     1/2  teaspoon      Tabasco pepper sauce
   4                    beef steaks

Preparation:

In saucepan, combine rum and shallots; bring to a boil. Reduce heat; simmer 2 minutes. Stir in butter, parsley, lime juice and Tabasco sauce. Brush steaks with rum butter. Grill or broil steaks 6" from heat. Cook about 8 minutes, turning steak once. Brush with rum butter occasionally. Heat any remaining rum butter to boil and serve with steaks. Serve with additional Tabasco sauce if desired.