Using your standing mixer bowl, combine flour, oats, yeast and salt.
In another bowl, add in your warm milk, softened butter or shortening and stirring it while adding lukewarm water and molasses or honey.
Pour the milk mixture into the flour mixture. Mixing it using the dough hook. Knead with the mixer for 7-10 minutes until your dough is soft and elastic. If you find that your dough is still wet and sticky after 5 minutes of kneading, add more flour. Just 1 tablespoon at a time, until the dough is almost tacky.
Prepare a lightly oiled bowl and place the dough into the bowl, cover and allow to rise until double in size.
Once doubled, place the dough on a clean, dry work surface. If you find that your dough is still sticky, lightly flour the surface before continuing.
Grease your pan, and sprinkle oats to the sides and bottom of the pan.Using 8 1/2 x 4 1/2 loaf pan, divide the dough into 2 equal size. Flatten the dough and tightly roll the dough, tucking the ends as needed into a loaf. Place your dough into your prepared pan, then sprinkle some oats on top of it. Cover and allow it to rise until double in size.
Preheat your oven to 350 F degrees or 180 C
Bake for 40 to 45 minutes.
Transfer to a cooling rack. Allow to cool completely before slicing.