Sweet Dinner Crescent Rolls

1/2 cup warm water (110 degrees)
1/2 cup warm milk
1 egg
1/3 cup butter, softened
1/3 cup white sugar
1 teaspoon salt
3 3/4 cups all-purpose flour
1 (.25 ounce) package active dry yeast
1/4 cup butter, softened

Directions
1. Mix the water and milk then stir in the sugar until it dissolves. Then stir in the yeast. Let it proof until foamy. Mix in the salt, butter and lightly beaten egg. Then add flour a half cup at a time. Let it rise for about 45 minutes, covered with a damp, clean towel.
2. Turn dough out onto a lightly floured surface. Divide dough in half. Roll each half into a 12 inch circle, spread 1/4 cup softened butter over entire round. Cut each circle into 8 wedges. Roll wedges starting at wide end; roll gently but tightly. Place point side down on ungreased cookie sheet. Cover with damp, clean kitchen towel and put in a warm place, let rise 1 hour. Meanwhile, preheat oven to 375 degrees F.
3. Bake in preheated oven for 10 to 15 minutes, until golden.
Yield- 16 rolls