Preheat oven to 325. Grease and flour a 10 in. tube pan or a 12 cup Bundt pan. Sprinkle nuts over bottom of pan. Mix all cake ingredients together. Pour batter over nuts. Bake
60 minutes. Cool. Invert cake onto serving plate. Prick the top several times. Brush glaze over top. Allow cake to absorb glaze.
Melt butter in saucepan
; stir in water and sugar. Boil for 5 mins. stirring constantly. Remove from heat and stir in rum. Enjoy