Creamy Seafood Soup

Ingredients

• 2 tablespoons butter -- divided
• 1/2 pound shrimp -- peeled & deveined
• 1/2 pound scallops
• 1 onion -- chopped
• 2 ribs celery -- sliced
• 1 tablespoon fresh thyme
• 1 red bell pepper -- chopped fine
• 3 cups heavy cream 1 cup water
• 1 cup water
• 1/4 cup sherry
• 1/2 teaspoon salt
• 1/4 teaspoon cayenne pepper
• 1/8 teaspoon nutmeg