1 cup water
1/2 cup unsweetened applesauce
1/4 cup egg beaters [or other egg substitute]
Preheat oven to 325.
Beat all with mixer until well combined, scraping sides of bowl when nec.
Spray a bundt pan with pam, pour in and set in center rack.
Bake 37-40 min. Remove and cool. Turn over to remove from bundt pan after appx 20 min.
You do not have to wait for it to cool completely to top using shiny glaze and a handful of sliced almonds.
Shiny Glaze
1 cup semi sweet OR milk choc chips
2 tbl margarine or butter
5 tbl light corn syrup
2 1/2 tbl water if nec. [you won't need if using milk choc chips]
In small saucepan, mix all but water over low heat until chips are melted. Add water 1/2 tsp at a time [I generally do not need to add water, but if it is too thick, add a bit].
Pour over cake and immediately top with a smattering of almonds.