Preheat oven to 325°.
Grease Bundt Pan well.
Sprinkle Pecans in bottom of pan.
Combine cake mix, pudding mix, eggs, 1/4 cup water, oil, and 3/4 cup Bailey's.
Beat on high 5 minutes.
Pour batter over nuts.
Bake 1 hour at 325 degrees.
Remove from oven and cool 5 minutes.
While cooling combine butter, sugar and 1/4 cup water for glaze.
Cook 5 minutes over medium heat, stirring frequently.
Remove from heat and stir in 1/4 cup Bailey's.
With a fork, punch holes in the cake and pour 1/2 of the glaze over it (while it's still in the bundt pan).
Invert cake on plate and drizzle with remaining glaze.