Instructions:
Preheat oven to 325 F. Grease and flour 10 inch tube pan or 12 cups (2825 ml) bundt pan. Sprinkle chopped nuts into bottom of pan. Mix cake ingredients and pour over nut in the pan. Bake 1 hour. Cool. Invert on serving plate. Glaze: Melt butter in saucepan. Stir in water and sugar. Boil 5 minutes, stirring constantly. Remove from heat; add rum. Spoon and brush (with pastry brush) glaze evenly over top and sides of the cake. Repeat until all glaze is absorbed into the cake
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