Preheat oven to 350 degrees.

In a large mixer bowl add the cake mix, vanilla pudding, water, eggs, and oil.

With an electric mixer, beat for 2 minutes at medium speed.

Fold in the chopped nuts and coconut.

Pour the batter into a 9 x 13-inch pan that has been sprayed with non-stick cooking spray or lightly greased and floured.

Bake for 45 minutes or until the toothpick inserted off-center comes out clean.

Cool completely before frosting.

In a medium-sized mixer bowl, blend the butter and cream cheese.

Add the confectioners’ sugar and enough cream to make it a smooth spreading consistency.

Frost cake with frosting and sprinkle with coconut.