1. Heat oven to 350 degrees F. Grease and flour 10-inch tube pan.
2. In large bowl, combine cake mix and pudding mix. Add oil, water and eggs. On low speed, beat 30 seconds until moistened. On medium speed, beat for 2 minutes. Stir in walnuts and sprinkles; pour into prepared pan.
3. Bake in 350 degree F oven for 60 minutes until cake tester comes out clean. Makes 16 servings.