Cake: Preheat oven to 325 degrees F. Grease
and flour 12-cup Bundt pan. Sprinkle nuts on bottom of pan. Combine
all cake ingredients. Beat for 2 minutes on high with electric mixer.
Pour into prepared pan. Bake for 1 hour. Cool in pan. Invert on
serving plate. Prick top with fork. Drizzle glaze over top of cake.
Use brush or spoon to put extra dripping back on cake.
Glaze: Melt butter in saucepan. Stir in water
and sugar. Boil 5 minutes, stirring constantly. Remove from heat
and stir in rum. Note: The rum will cause steam. Be careful not
to burn yourself.
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