Place all ingredients in a large bowl. Stir to combine. Beat with electric mixer at medium speed for 3 minutes. Pour into a well greased and floured 10"x4" tube pan or bundt pan. Bake at 350 degrees about 45 minutes or until wooden pick inserted near center comes out clean. Remove from oven. Cool 10 minutes before removing from pan. Invert onto serving plate. Drizzle with glaze.

 

GLAZE:

 

1 c. confectioners' sugar
4 tsp. warm water

 

Combine and stir until smooth. Drizzle over cake.