Cake: Combine cake ingredients in a large bowl; beat at medium speed for
2 minutes. Pour into a greased and floured 10-inch pan.
Bake at 350 degrees F for 1 hour.
Set on rack to cool.
Invert on serving plate. Prick top immediately with wooden pick; drizzle
and brush half of glaze evenly over top and sides. Reserve 1/2 of glaze. After
cake has cooled, reheat glaze and brush it evenly over cake.
Glaze: Melt butter in saucepan. Stir in water and sugar. Boil for 3 minutes,