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Preheat oven to 350 degrees F (175 degrees C). Grease a 9x13 inch baking pan. Set aside
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In a large bowl, mix together sugar, oil, eggs, vanilla, and buttermilk. Stir in carrots, coconut, vanilla, and pineapple. In a separate bowl, combine flour, baking soda, cinnamon, and salt; gently stir into carrot mixture. Stir in chopped nuts. Spread batter into prepared pan.
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Bake for 55 minutes or until a toothpick inserted into the cake comes out clean. Remove from oven, and set aside to cool.
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In a medium mixing bowl, combine butter, cream cheese, vanilla, and confectioners sugar. Blend until creamy. Frost cake while still in the pan.
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Original Recipe can be found here.