Caramel Coffee Ring

Directions

1. 1
   Preheat oven to 375°.
2. 2
   Melt margarine in small saucepan.
3. 3
   Coat bottom and sides of ungreased 12-cup fluted tube pan with 2 tablespoons of the melted margarine.
4. 4
   Sprinkle 3 tablespoons of the nuts over bottom of prepared tube pan.
5. 5
   Add remaining nuts, brown sugar and water to remaining melted margarine.
6. 6
   Heat to boiling, stirring occasionally.
7. 7
   Remove from heat.
8. 8
   Separate dough into 20 biscuits.
9. 9
   Cut each biscuit in half and shape into a ball. Place 20 balls in bottom of prepared tube pan.
10. 10
    Drizzle half of the caramel sauce over balls.
11. 11
    Repeat layers.
12. 12
    Bake at 375° for 20 to 25 minutes or until golden brown.
13. 13
    Invert immediately onto waxed paper and remove from pan.