Champagne Cream Sauce

Melt the butter in a medium saucepan. Add the shallot and sauté over gentle heat for 5 minutes until it's softened and golden but not browned. Add flour, stir and cook for 1-2 minutes. Gradually add the champagne to the pan. Blend in heavy cream, whisking until smooth. Bring all ingredients to a simmer for another 1-2 minutes. Add salt and pepper to taste.