Darrel's Bacardi Rum Cake

Preheat oven to 325, Grease and flour 10 in tube or 12 cup bundt pan. Sprinkle nuts on bottom of pan. Mix all ingrediants together. Pour batter over nuts and bake 1 hour. Cool and invert on serving plate. Prick holes on top, drizzle and smooth glaze evenly over top and sides.

For glaze, melt butter, stir in water and sugar. Bring to boil and boil 5 minutes stirring constantly. Remove from heat and stir in rum. Pour glaze over the cake.