I have been making this recipe for years. This is a super moist and delicious dessert with a rich caramel sauce. It originates from Marcia Adams cooking show she use to have on PBS TV station back in the 80's. This cake makes a wonderful after dinner dessert with a cup of coffee.
Peel, core, and chop apples to equal 2½ cups; set aside.
Lightly oil a 8 or 9 inch cake pan: set aside.
In a large mixing bowl, cream the butter and sugar; beat until fluffy. Add in the egg and beat until blended.
Mix in the flour, baking soda, salt, cinnamon, and nutmeg, mixing until combined. Stir in the apples and nuts. ( Mixture will be thick).
Spoon the apple mixture into the lightly oiled cake pan. Bake for 30-35 minutes.
Prepare Caramel Sauce:
In a small saucepan, melt the butter, brown sugar, and salt. Bring to a boil; stirring with a whisk.
Remove from heat and whisk in the vanilla and evaporated milk.
To serve, ladle 1-2 tablespoons of the hot Caramel sauce onto serving plates. Place a wedge of cake on top of Caramel sauce. Drizzle a little more sauce over the cake. Garnish with a dollop of whipped cream. Enjoy!
Note: The sauce can be made ahead of time and then reheated in the microwave. You can also spoon out a tablespoon or 2 on a saucer, and reheat that amount up for a single serving. The cake should be served warm, or at least room temperature for the best flavor. :)