Bake in a 325 degree oven for 50-60 minutes. Remove from oven and immediately pour hot glaze over cake. Allow cake to remain in cooking pan for 30 minutes and then remove to serving platter. Glaze will cause cake to settle.
Hot Rum Glaze: Mix sugar, 1 stick butter, 1/4 cup light rum and 1/4 cup water in small saucepan. Boil for 2 to 3 minutes and pour over cake immediately upon removing from oven.
