Preheat oven to 350 F. Measure honey into large mixing bowl, add vegetable oil and mix. Add eggs and blend with a spoon. Mix in vanilla and add milk or water well. Mix all dry ingredients to liquids, stirring constantly. Grease and flour bundt pan or 13" x 9" cake pan. Pour batter into pan and top with 1/2 cup chopped nuts. Bake at 350 F. for 30-35 minutes.