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Divide batter among pans. Bake square pans for 40 to 45 minutes or round pans for 35 to 40 minutes. Check for doneness with a toothpick in the center. Cool and top with coconut-pecan glaze.
Coconut-Pecan Glaze: Combine sugar, butter, milk, vanilla and egg yolks in a saucepan. Cook over medium heat, stirring occasionally, until thickened, about 12 minutes. Remove from heat. Stir in coconut and pecans. Beat until spreadable. Cool and thicken before frosting cake.
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