THIS IS RECIPE IS VERY CLOSE TO ONE MY MOTHER USED GROWING UP I DIDN'T LIKE PINEAPPLE VERY MUCH BUT WHEN SHE MADE THIS I WAS FIRST IN LINE TO GET A SLICE, IT IS SO GOOD. HOPE YOU ENJOY IT AS MUCH I DO.
HEAT oven to 350 degrees F. Spray 13x9-inch baking pan with flour no-stick cooking spray. Add enough water to reserved pineapple juice to make 1 cup.
COMBINE cake mix, 1 cup pineapple liquid, eggs, 1/3 cup sweetened condensed milk and oil in large bowl. Beat on low speed until moistened, then beat on high speed 3 minutes. Stir in 1 can drained pineapple. Pour into prepared pan.
BAKE 35 to 40 minutes or until toothpick inserted near center comes out clean. Cool.
BEAT cream cheese until fluffy in medium bowl. Gradually beat in remaining sweetened condensed milk until smooth. Stir in food coloring and remaining can of drained pineapple. Chill. Spread evenly over cooked cake.