From the Beechcraft Baron 58 POH P/N 58-590000-39 Issue Oct 1984 revised October 1990.
Page 3-5.
ENGINE FAILURE AFTER LIFT-OFF AND IN FLIGHT.
1. Landing Gear and Flaps - UP
2. Throttle (inoperative engine) -CLOSED
3. Propeller (inoperative engine) - FEATHER
4. Power (operative engine) - AS REQUIRED
5. Airspeed - MAINTAIN SPEED AT ENGINE FAILURE (100 kts MAX) until OBSTACLES ARE CLEARED
...checklist then goes on to talk about securing failed engine.
Interesting that the manufacturer advocates flap up at step 1 but does not talk about clearing obstacles and increasing speed until step 5.
The "five ups" are not perfect but they work most of the time.