1. In a large bowl, combine the flours, sugar, carrots, nuts, baking powder, cinnamon, nutmeg, and salt, and mix thoroughly, breaking up any lumps.
2. Add the remaining ingredients and mix just until blended (do NOT over mix).
3. For bread: Spoon batter into a greased 8.5x4.5 loaf pan.
4. Bake at 350F until dark golden brown (about 1 hours).
5. For muffins: Spoon batter into greased muffin cups.
6. Bake at 350F until golden brown (about 45 minutes).