Preheat oven to 325 degrees. Grease a 9"x5" loaf pan, set aside.
In your mixing bowl with an electric mixer, cream together butter, sugar and eggs.
Sift in four, baking soda and spices, alternating with applesauce, mixing slowly until it's all combined.
Fold in chocolate chips.
Pour into prepared loaf pan.
Bake for one hour, or until bread is golden brown on top and a toothpick inserted inside comes out clean. Cool for a bit in the pan before transferring to a wire rack to cool the rest of the way.