1 (18 1/2 oz.) pkg. yellow cake mix
1 c. chopped walnuts
1 3/4 oz. pkg. Jello instant vanilla pudding mix
4 eggs
1/2 c. cold water
1/2 c. oil
1/2 c. rum

GLAZE:

1/4 lb. butter
1/4 c. water
1 c. granulated sugar
1/2 c. rum

Preheat oven to 325 degrees. Grease and flour 10 inch tube pan. Sprinkle nuts over bottom of pan. Mix all cake ingredients together. Pour batter over nuts. Bake 1 hour. Cool. Invert on serving plate. Prick top. Drizzle and smooth glaze evenly over top and sides. Allow cake to absorb glaze. Repeat until glaze is used up.

GLAZE: Melt butter in saucepan. Stir in water and sugar. Boil 5 minutes, stirring constantly. Remove from heat, stir in rum.