8 egg yolks
1 1/4 c. sugar
1 1/2 c. butter
1 1/4 c. flour
1 tsp. baking powder
1 large pkg. chocolate chips
1 c. chopped nuts
8 egg whites, beaten

Beat together egg yolks, sugar butter, flour, baking powder, chips and nuts. Fold beaten egg whites into batter.

Bake at 350°F for 20 to 25 minutes. Frost.

Frosting:

2 tsp. rum flavoring
confectioners sugar
little milk

Frost while cake is still warm.