1/3 cup butter or margarine, melted, divided
1/2 cup brown sugar
1/2 cup chopped walnuts or pecans
1 tablespoon water
1/2 cup granulated sugar
1 1/2 teaspoons Watkins Cinnamon
2 (10 ounce) cans refrigerated regular or buttermilk biscuits
Combine 2 tablespoon melted butter, brown sugar, nuts, and water, and place in bottom of a 10-inch Bundt pan.
Mix sugar and cinnamon together. Dip each biscuit lightly into remaining melted butter then into sugar/cinnamon mixture. Place each biscuit on end in Bundt pan. Pinch tips or sides of biscuits slightly together (this helps prevent ring from falling apart when served).
Bake at 400 degrees F for 20 to 25 minutes. After baking; turn out on plate. Serve immediately.
Makes 10 servings.