Heat oven to 375°F. In small bowl, combine flour, baking power, baking soda, cinnamon and salt; mix well. In large bowl, beat butter, sugars and vanilla with electric mixer until creamy. Beat in egg. Gradually beat in flour mixture and milk. Stir in chips, oats and raisins. Drop by rounded teaspoonfuls onto ungreased baking sheets. Bake 10 to 14 minutes or until edges are crisp but centers are still soft. Cool on baking sheets 2 minutes; remove to wire racks. Cool completely.