It didn't work

I tried making a butterscotch swirl loaf.
But it failed.
I have no idea what I did wrong either. Followed the instructions.

First off, it didn't rise.
Second, the chips just became this greasy mess.

It tasted like a pancake. Not what it was suppose to at all.


Here is the recipe, even though it failed,

1 cup sugar
1/2 c margarine
1 egg
1/2 teaspoon salt
1 c milk
1 teaspoon baking soda
2 c flour
1 teaspoon vanilla
1 c butterscotch chips

Bake for 1 hour at 350 degrees

Should have been simple right?
So what happened ?