Grease & flour bundt pan. Sprinkle pecans in bottom of pan. Mix all cake ingredients & pour batter over nuts in the pan. Bake 1 hr @ 325.
Cool in pan, when cool invert on cake plate and prick top & sides of cake with a fork. Slowly drizzle glaze over top & sides of cake.
Glaze: Melt butter, stir in water & sugar. Boil 5 min. stirring constantly.
Remove from heat & stir in rum.
Serve with whipped cream
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