1 (18 1/4 or 18 1/2 oz.) pkg. pound cake mix
1 (14 oz.) can Eagle Brand sweetened condensed milk
1/2 c. cold water
1 (4 serving size) pkg. instant vanilla pudding mix
1 (4 oz.) container frozen whipped topping, thawed
1 qt. fresh strawberries, cleaned, hulled and halved

Prepare pound cake mix as package directs; pour into prepared 9-inch round pans.

Bake according to package directions; remove from oven and cool. In large bowl, mix milk and water; beat in pudding mix. Chill 5 minutes. Fold in whipped topping. Place 1 cake layer on serving plate. Top with half each of pudding mix and strawberries. Repeat layers. Refrigerate.