Place ingredients into bread maker in order recommended by manufacturer: water, milk, egg, 1/3 cup butter, sugar, salt, flour and yeast. Reserve additional butter butter - 1/4 cup) for later. Select dough/knead cycle and star Tbsp This cycle should mix dough and allow it to rise for 1 hour.
Turn dough out onto a floured surface and roll into a circle, about 1/4 inch thick. Brush with additional butter. Cut into 16 pie shaped wedges. Roll wedges starting with wide end into crescent shapes.
Place on an ungreased baking sheet and allow to rise for an additional hour. Bake for 10- 15 minutes at 375° F or until golden brown.Servings: about 1 1/2 dozen