Kathy's Teatime Fruit Cocktail Cake

This is a light, delightful cake that I got the recipe for while visiting Kathy in rural Arizona. Lovely on those hot, dry days and a perfect accompaniment for social teatime gatherings! I couldn't find a duplicate on here, so I am posting it for safekeeping (found the recipe wadded up in my purse upon my return...)

• Ready In: 15 mins
• Serves: 8-12
• Yields: 1 large cake of goodness

Ingredients

• CAKE

• 1 3⁄4 cups sugar
• 2  cups flour
• 2  teaspoons baking soda
• 2  eggs, beaten
• 1 (16 ounce) can  fruit cocktail, well-drained (reserve a tablespoon of juice for sauce and set that aside for later)
• 1⁄2 cup  nuts (any nuts can be used, I prefer walnuts)

• SAUCE

• 1⁄2 cup butter
• 1  tablespoon  reserved juice from  fruit cocktail
• 1  cup powdered sugar
• 1  egg, beaten

Directions

1. Preheat oven to 300°F.
2. Sift together sugar, flour & soda in mixing bowl.
3. In medium-sized bowl mix drained fruit cocktail with eggs.
4. Combine two mixtures; pour into greased 9x13 pan.
5. Sprinkle with nuts.
6. Bake at 300F for 45-60 minutes, until brown and toasty on top.
7. SAUCE:.
8. Beat the egg very well.
9. Place all sauce ingredients in small saucepan, heat until mixture is Creamy, NOT boiling.
10. Pour over cooled cake.