Caramel Monkey Bread

Directions

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