1Preheat oven to 350 degrees. Grease 13x9x2 pan.
For Cake: Into large mixing bowl, combine flour, 1 1/2 cup sugar, soda and salt. In a separate bowl combine beaten eggs and fruit cocktail. Pour eggs and fruit cocktail, including syrup, into dry ingredients, stir until well blended. Pour into greased 13x9x2 pan.
2For Topping: Combine brown sugar, coconut and nuts; sprinkle over batter. Bake for 40-45 minutes.
3For Sauce: While cake is baking heat together slowly 1/4 cup butter or margarine, 1/2 cup evaporated milk and 1 cup sugar until sugar dissolves and mixture comes to a boil. Pierce top of slightly cooled cake with a fork; drizzle sauce over the top of the cake.
4Allow to cool somewhat and enjoy. This was taken off the Label from a can of 16 - 17 oz. Fruit Cocktail over 30 years ago. It was delicious then and even better today.