Drain 1 (14 ounce) can fruit cocktail. Add water to syrup making 1 1/2 cups. Dissolve 1 (6 ounce) package raspberry jello in 2 cups boiling water. Add syrup and pour into mold or dish. Chill until firm.

Combine fruit cocktail with 1/3 cup nuts and 1/2 cup miniature marshmallows. Fold in 1 cup prepared Dream Whip or whipped cream. Chill. Spoon on top of jello.