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Caramel Biscuit Ring

3/4 cup firmly packed brown sugar
1/2 cup chopped pecans
1/3 cup butter or margarine
2 tbls water
2 pkg (10 count)refrigerated biscuits

Preheat oven to 400 degrees. Generously grease 12 cup fluted bundt pan.
In a small saucepan heat all ingredients except biscuits until butter melts.
Seperate biscuits then cut each biscuit into four pieces. Place in large bowl and pour sugar mixture over biscuits, tossing gently. Spoon biscuits into pan.
Bake at 400 for 20-30 minutes or until golden brown. Let stand 3 minutes; invert to serving plate. Serve warm.

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