Preheat oven 325F

Combine sugar and oil and beat the mixture well.

Add the eggs, one at a time.

Sift the dry ingredients together and stir into the egg mixture.

Beat in the apples, nuts and vanilla.  Pour the mixture into a buttered spring form tube pan.

Bake about 1 hour or until a toothpick inserted in the center comes out clean.  

Combine the glaze ingredients in a medium saucepan.  Boil the mixture for about 3 minutes.  Set aside 1/3 cup of the glaze and pour the rest of the glaze over the the hot cake.

Allow the cake to cool completely then remove it from the pan onto a serving plate.  Right before server, pour the last 1/3 cup of glaze over the cake.