Wash hands with soap and water.

Combine rice, water, and butter or margarine in large microwave safe dish. Cover loosely, so steam will escape.

Cook in microwave on high for 5 minutes or until mixture comes to a boil. Reduce setting to defrost (50% power), and cook an additional 10 minutes.

Mix other ingredients together while rice is cooking.

Without allowing rice to cool, remove cover and quickly stir milk-water-raisin mixture into hot rice. Cover loosely again and continue cooking on defrost (50% power) for 10 minutes. After cooking time is finished, let pudding sit, covered, for 10 minutes.

Stir gently and put in individual serving dishes.