Step 1

Preheat oven to 325 F. Grease and flour 10" tube or 12-cup Bundt pan.

Step 2

Sprinkle nuts over bottom of pan. Mix all cake ingredients together (cake mix, pudding mix, eggs, water, oil and 1/2 cup Bacardi). Pour batter over nuts.

Step 3

Bake 1 hour.

Step 4

Cool. Invert on serving plate.

Step 5

Prick top. Spoon and brush glaze evenly over top and sides. Allow cake to absorb glaze. Repeat until glaze is used up.

Step 6

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