Melt the butter in a sauce pan.
Stir in the sugar until dissolved.
Pour into the bottom of a 10 inch greased loaf pan.
Top with pineapple chunks to cover the bottom and add cherries in the spaces.
Pour the 3 cups of cake batter evenly on top.
Bake at 350 for 30-35 minutes or until a toothpick comes out clean.
Cool in pan 20 minutes,
Run knife around edges and invert onto a rack.
Make sure the rack is over a sheet pan to catch any extra dripping sugar from the glaze.
Cool completely before cutting.