Pre-heat oven to 350 degrees. Grease and flour a 12-cup bundt pan.
Prepare cake mix according to package directions. Stir in chopped almonds. Reserve 1 cup of batter.
Pour remaining batter into bundt pan.
Stir 1/2 cup of frosting into the reserved cup of cake batter. Spoon this mixture in a continuous narrow ring, about 1 inch wide, onto center of batter in pan. Mixture should not touch center or side of pan.
Bake as directed on package, about 40 - 45 minutes. Cool for 10 minutes before turning onto cake serving plate. Cool completely.
GLAZE - Mix 1/2 cup frosting with hot water until thin enough to drizzle. (Can also microwave just the icing until it melts.) Spread glaze over cake, letting some drizzle down the sides.