Preheat the oven to 375 degrees.

Cream together the butter, shortening, & both sugars until light & fluffy. Add eggs, one at a time, beating well after each addition. Beat in vanilla. Add the flour to the creamed mixture and mix well. Stir in the chips, cranberries and pecans.

Drop by tablespoonfuls 2 inches apart onto ungreased baking sheets. Bake 9-11 minutes or until golden brown. Cool on pans 2 minutes before transferring to wire racks.