An oil-continuous edible spread has a reduced-fat characteristic, being composed of an oil phase and a flavored syrup phase, each making up a primary portion of the oil-continuous edible product. The oil-continuous edible product is a reduced-fat flavored spread. This spread finds application as an ambient-temperature eating spread for applying onto baked products. This spread also finds application as a roll-in or laminating fat for baking layered pastries. The spread can be used to make baked products which are reduced in fat by about 20 weight percent or more.