In medium-size bowl, beat butter and brown sugar with wooden spoon or electric mixer until pale and fluffy. Stir in flour, 1 tsp cinnamon, and the water until smooth and thick (use more water if necessary). Stir in pecans.
Mound apples in 9 inch pie plate. Mix granulated sugar with remaining 1 tsp cinnamon; sprinkle over apples.
Spoon pecan topping over apples in dollops. Bake on lowest rack of preheated 375 degree oven, 45 to 50 minutes until apples are tender when pierced with a skewer. Serve in bowls with cream. Makes 8 servings.