Heat oven to 375 degrees F.

In a small saucepan, melt butter.

Coat bottom and sides of ungreased Bundt pan or baking dish with 2 tablespoons of melted butter.

Sprinkle 3 tablespoons of chopped nuts over bottom of prepared pan if desired.

Add remaining nuts brown sugar, water to remaining butter in pan. Heat to boiling. Remove from heat.

Separate dough into 20 biscuits, and cut up each biscuit into 4 or 6 pieces. Roll cut up biscuit pieces into balls.

Place half of the biscuit balls in the bottom of the pan. Drizzle half of the caramel sauce over the balls.

Add the remaining half of biscuit balls and drizzle the remaining caramel sauce over the balls.

Bake at 375 degrees F for 20-25 minutes. Turn out onto wax paper or platter once finished.